Gilman Hill Asset Management LLC Purchases 3,075 Shares of National Grid plc (NYSE:NGG)

Gilman Hill Asset Management LLC lifted its position in shares of National Grid plc (NYSE:NGG) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,819 shares of the utilities provider’s stock after purchasing an additional 3,075 shares during the period. Gilman Hill Asset Management LLC’s holdings in National Grid were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RFP Financial Group LLC increased its position in National Grid by 119.8% in the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Headlands Technologies LLC acquired a new stake in National Grid in the first quarter valued at $27,000. Richardson Financial Services Inc. bought a new position in National Grid during the 1st quarter worth $28,000. Creekmur Asset Management LLC acquired a new position in National Grid during the 4th quarter worth about $29,000. Finally, Bessemer Group Inc. bought a new stake in shares of National Grid in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

NGG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

National Grid Stock Up 0.9 %

NYSE NGG traded up $0.56 during trading hours on Friday, hitting $66.24. 296,708 shares of the company’s stock were exchanged, compared to its average volume of 538,673. The stock has a 50-day simple moving average of $66.96 and a 200 day simple moving average of $64.62. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40.

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.