JPMorgan Chase & Co. Has $83.50 Million Stake in National Grid plc (NYSE:NGG)

JPMorgan Chase & Co. raised its position in National Grid plc (NYSE:NGG) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,405,185 shares of the utilities provider’s stock after acquiring an additional 68,587 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.14% of National Grid worth $83,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NGG. IFP Advisors Inc lifted its stake in National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 174 shares during the last quarter. Rothschild Investment LLC lifted its position in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after buying an additional 192 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of National Grid by 0.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after acquiring an additional 196 shares during the last quarter. GAMMA Investing LLC raised its stake in National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 224 shares during the period. Finally, Congress Wealth Management LLC DE lifted its holdings in National Grid by 6.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,678 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NGG shares. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

National Grid Trading Up 5.5 %

NGG stock opened at $69.40 on Friday. National Grid plc has a 52 week low of $54.24 and a 52 week high of $72.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company’s 50-day simple moving average is $62.42 and its 200 day simple moving average is $63.00. The company has a market capitalization of $67.90 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

National Grid Company 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.