National Grid plc (NYSE:NGG) Shares Purchased by GQG Partners LLC

GQG Partners LLC grew its stake in shares of National Grid plc (NYSE:NGG) by 234.7% during the fourth quarter, HoldingsChannel reports. The firm owned 17,863 shares of the utilities provider’s stock after buying an additional 12,526 shares during the period. GQG Partners LLC’s holdings in National Grid were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in shares of National Grid during the 4th quarter valued at about $25,000. Larson Financial Group LLC grew its position in National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC grew its position in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of National Grid during the third quarter valued at approximately $60,000. Finally, Eastern Bank lifted its position in shares of National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Stock Down 1.6 %

NGG stock opened at $62.84 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $61.45 and a 200-day simple moving average of $63.12. The company has a market capitalization of $61.49 billion, a P/E ratio of 12.09, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a twelve month low of $54.24 and a twelve month high of $72.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Finally, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, National Grid has a consensus rating of “Moderate Buy”.

About National Grid

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.