Lindbrook Capital LLC Has $118,000 Stock Holdings in National Grid plc (NYSE:NGG)

Lindbrook Capital LLC grew its stake in shares of National Grid plc (NYSE:NGG) by 38.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,732 shares of the utilities provider’s stock after purchasing an additional 478 shares during the quarter. Lindbrook Capital LLC’s holdings in National Grid were worth $118,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NGG. Exchange Traded Concepts LLC acquired a new position in shares of National Grid during the 3rd quarter worth approximately $52,000. Planned Solutions Inc. acquired a new position in shares of National Grid during the 4th quarter worth approximately $53,000. UMB Bank n.a. increased its position in shares of National Grid by 22.7% during the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 153 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of National Grid during the 3rd quarter worth approximately $64,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of National Grid during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NGG shares. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, BNP Paribas raised National Grid from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,165.00.

National Grid Price Performance

NGG stock opened at $66.84 on Wednesday. The business’s 50 day simple moving average is $66.75 and its 200 day simple moving average is $65.64. National Grid plc has a 1-year low of $56.40 and a 1-year high of $74.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.