145,435 Shares in National Grid plc (NGG) Purchased by BB&T Securities LLC

BB&T Securities LLC acquired a new position in shares of National Grid plc (NYSE:NGG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 145,435 shares of the utilities provider’s stock, valued at approximately $8,553,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC purchased a new stake in National Grid in the third quarter worth $103,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of National Grid in the third quarter worth $119,000. Delpha Capital Management LLC purchased a new stake in shares of National Grid in the fourth quarter worth $129,000. M Holdings Securities Inc. purchased a new stake in shares of National Grid in the fourth quarter worth $142,000. Finally, Aevitas Wealth Management Inc. purchased a new stake in shares of National Grid during the fourth quarter valued at $154,000. 5.37% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

NGG stock traded down $0.36 on Thursday, hitting $58.46. 844,137 shares of the company’s stock were exchanged, compared to its average volume of 789,717. National Grid plc has a 12-month low of $51.44 and a 12-month high of $75.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. The company has a market cap of $39,557.08, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 4.14 and a beta of 0.44.

A number of research analysts have weighed in on the company. UBS raised National Grid from a “sell” rating to a “neutral” rating in a report on Wednesday, March 14th. Societe Generale assumed coverage on National Grid in a research note on Monday, March 19th. They set a “buy” rating on the stock. Macquarie upgraded National Grid from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 19th. BNP Paribas upgraded National Grid from a “neutral” rating to an “outperform” rating in a report on Monday, January 29th. Finally, Goldman Sachs upgraded National Grid from a “sell” rating to a “neutral” rating in a report on Thursday, January 25th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. National Grid currently has a consensus rating of “Hold” and a consensus price target of $67.00.

ILLEGAL ACTIVITY NOTICE: “145,435 Shares in National Grid plc (NGG) Purchased by BB&T Securities LLC” was posted by Macon Daily and is owned by of Macon Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://macondaily.com/2018/04/12/bbt-securities-llc-takes-8-55-million-position-in-national-grid-plc-ngg-updated-updated-updated.html.

National Grid Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.

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

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.

Leave a Reply