International Assets Investment Management LLC Takes Position in National Grid plc (NYSE:NGG)

International Assets Investment Management LLC acquired a new stake in shares of National Grid plc (NYSE:NGG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 168,343 shares of the utilities provider’s stock, valued at approximately $11,446,000.

Several other large investors also recently bought and sold shares of NGG. Wellington Management Group LLP lifted its stake in National Grid by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 53,984 shares of the utilities provider’s stock valued at $3,273,000 after acquiring an additional 2,049 shares during the period. DAVENPORT & Co LLC lifted its holdings in National Grid by 6.3% in the fourth quarter. DAVENPORT & Co LLC now owns 70,514 shares of the utilities provider’s stock valued at $4,794,000 after acquiring an additional 4,162 shares during the period. Raymond James & Associates grew its stake in shares of National Grid by 0.7% during the 4th quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider’s stock valued at $85,712,000 after purchasing an additional 8,192 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of National Grid in the 3rd quarter worth approximately $2,775,000. Finally, FMR LLC boosted its holdings in shares of National Grid by 23.9% in the third quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock worth $99,962,000 after buying an additional 318,533 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Price Performance

Shares of NGG opened at $68.33 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93. The business has a fifty day moving average of $66.98 and a 200 day moving average of $66.03. National Grid plc has a 52-week low of $56.40 and a 52-week high of $74.48.

Analysts Set New Price Targets

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

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.