National Grid plc (NYSE:NGG) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC grew its position in shares of National Grid plc (NYSE:NGG) by 31.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,292 shares of the utilities provider’s stock after purchasing an additional 1,016 shares during the quarter. Global Retirement Partners LLC’s holdings in National Grid were worth $255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pathstone Holdings LLC grew its holdings in National Grid by 46.0% during the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after acquiring an additional 11,402 shares during the period. XTX Topco Ltd bought a new position in shares of National Grid during the 3rd quarter valued at about $1,624,000. Natixis Advisors LLC grew its stake in shares of National Grid by 51.9% in the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after purchasing an additional 38,123 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of National Grid by 1,620.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after purchasing an additional 36,243 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in National Grid by 351.1% during the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock valued at $14,429,000 after purchasing an additional 161,204 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Up 0.9 %

NGG stock opened at $62.74 on Wednesday. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The firm has a 50-day moving average of $59.94 and a two-hundred day moving average of $63.56. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

Analyst Ratings Changes

Several research analysts have issued reports on NGG shares. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.