Pathway Financial Advisers LLC decreased its holdings in National Grid plc (NYSE:NGG – Free Report) by 44.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 429 shares of the utilities provider’s stock after selling 343 shares during the quarter. Pathway Financial Advisers LLC’s holdings in National Grid were worth $30,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. RFP Financial Group LLC grew its position in shares of National Grid by 119.8% in the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Headlands Technologies LLC bought a new stake in National Grid in the first quarter valued at approximately $27,000. Richardson Financial Services Inc. acquired a new stake in National Grid during the 1st quarter valued at approximately $28,000. Bessemer Group Inc. bought a new position in National Grid during the 1st quarter worth approximately $29,000. Finally, Rothschild Investment LLC acquired a new position in shares of National Grid in the 2nd quarter worth approximately $37,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.
National Grid Price Performance
National Grid stock opened at $65.35 on Friday. The stock’s 50 day moving average price is $67.62 and its two-hundred day moving average price is $64.57. The stock has a market capitalization of $51.85 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 4.42 and a beta of 0.61. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40.
Analysts Set New Price Targets
Check Out Our Latest Report on NGG
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.
Featured Articles
- Five stocks we like better than National Grid
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What is the NASDAQ Stock Exchange?
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What is Forex and How Does it Work?
- MarketBeat Week in Review – 10/21- 10/25
Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG – Free Report).
Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.