Pathway Financial Advisers LLC Has $30,000 Holdings in National Grid plc (NYSE:NGG)

Pathway Financial Advisers LLC decreased its holdings in National Grid plc (NYSE:NGG) 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

Several equities research analysts have recently weighed in on NGG shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.