National Grid plc (NYSE:NGG) Stock Position Lifted by Pitcairn Co.

Pitcairn Co. grew its position in National Grid plc (NYSE:NGG) by 7.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,874 shares of the utilities provider’s stock after buying an additional 285 shares during the period. Pitcairn Co.’s holdings in National Grid were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NGG. IFP Advisors Inc increased its stake in National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 174 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of National Grid by 36.2% in the 4th 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 period. Verdence Capital Advisors LLC grew its position in shares of National Grid by 0.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after buying an additional 196 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 198 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 224 shares during the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Price Performance

Shares of NYSE:NGG opened at $66.01 on Monday. 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’s 50 day moving average is $62.53 and its two-hundred day moving average is $62.87. The firm has a market capitalization of $64.59 billion, a P/E ratio of 12.69, a PEG ratio of 5.64 and a beta of 0.58. National Grid plc has a 52 week low of $54.24 and a 52 week high of $72.21.

Analyst Upgrades and Downgrades

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

National Grid Company Profile

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.