Headlands Technologies LLC Takes Position in National Grid plc (NYSE:NGG)

Headlands Technologies LLC bought a new position in shares of National Grid plc (NYSE:NGG) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,758 shares of the utilities provider’s stock, valued at approximately $164,000.

Several other hedge funds have also recently added to or reduced their stakes in NGG. Whipplewood Advisors LLC acquired a new position in National Grid during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its position in shares of National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 198 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC increased its holdings 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 buying an additional 192 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in National Grid in the third quarter valued at $60,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of a number of recent analyst reports. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, National Grid currently has an average rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NGG stock opened at $66.01 on Friday. The stock’s 50-day moving average is $62.53 and its two-hundred day moving average is $62.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The firm has a market cap of $64.59 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 5.64 and a beta of 0.58.

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.