Vanguard Personalized Indexing Management LLC Acquires 2,366 Shares of National Grid plc (NYSE:NGG)

Vanguard Personalized Indexing Management LLC boosted its holdings in National Grid plc (NYSE:NGGFree Report) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,586 shares of the utilities provider’s stock after purchasing an additional 2,366 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in National Grid were worth $1,332,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Wambolt & Associates LLC lifted its stake in National Grid by 14.0% in the fourth quarter. Wambolt & Associates LLC now owns 26,252 shares of the utilities provider’s stock worth $1,785,000 after purchasing an additional 3,232 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in National Grid by 9.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 69,393 shares of the utilities provider’s stock worth $4,718,000 after purchasing an additional 6,230 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in National Grid by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 670,631 shares of the utilities provider’s stock worth $45,596,000 after purchasing an additional 5,934 shares during the last quarter. QRG Capital Management Inc. lifted its stake in National Grid by 37.4% in the fourth quarter. QRG Capital Management Inc. now owns 74,894 shares of the utilities provider’s stock worth $5,092,000 after purchasing an additional 20,370 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in National Grid by 7.6% in the fourth quarter. Johnson Investment Counsel Inc. now owns 9,590 shares of the utilities provider’s stock worth $652,000 after purchasing an additional 676 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on NGG shares. Jefferies Financial Group raised shares of National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Two investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $1,165.00.

Check Out Our Latest Stock Report on National Grid

National Grid Price Performance

NGG stock opened at $72.83 on Friday. National Grid plc has a 1 year low of $56.40 and a 1 year high of $73.40. The firm has a 50-day moving average of $67.76 and a 200 day moving average of $66.79. 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

(Free Report)

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.

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Institutional Ownership by Quarter for National Grid (NYSE:NGG)

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