High Net Worth Advisory Group LLC Takes Position in National Grid plc (NYSE:NGG)

High Net Worth Advisory Group LLC purchased a new position in National Grid plc (NYSE:NGG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,209 shares of the utilities provider’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NGG. Mayflower Financial Advisors LLC raised its stake in shares of National Grid by 4.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 160 shares in the last quarter. RFP Financial Group LLC raised its stake in National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Profund Advisors LLC grew its position in shares of National Grid by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 203 shares in the last quarter. Dearborn Partners LLC increased its holdings in shares of National Grid by 5.5% in the 1st quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 213 shares during the last quarter. Finally, Bailard Inc. increased its holdings in shares of National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.9 %

Shares of National Grid stock opened at $66.24 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.91 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. The business’s fifty day moving average price is $66.96 and its two-hundred day moving average price is $64.60.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

National Grid 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.