Renaissance Technologies LLC Acquires 500,155 Shares of National Grid plc (NGG)

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Renaissance Technologies LLC lifted its holdings in National Grid plc (NYSE:NGG) by 18.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,147,428 shares of the utilities provider’s stock after purchasing an additional 500,155 shares during the quarter. Renaissance Technologies LLC owned 0.47% of National Grid worth $175,784,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NGG. Private Capital Group LLC lifted its position in shares of National Grid by 6,803.7% during the first quarter. Private Capital Group LLC now owns 1,864 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 1,837 shares during the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of National Grid by 216.7% during the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 1,300 shares during the last quarter. Bollard Group LLC bought a new stake in shares of National Grid during the first quarter worth $113,000. Barclays PLC bought a new stake in shares of National Grid during the first quarter worth $125,000. Finally, Quadrant Capital Group LLC lifted its position in shares of National Grid by 708.2% during the first quarter. Quadrant Capital Group LLC now owns 3,451 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 3,024 shares during the last quarter. 5.49% of the stock is owned by hedge funds and other institutional investors.

NGG stock opened at $52.63 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.73 and a current ratio of 0.77. National Grid plc has a 1-year low of $51.44 and a 1-year high of $65.60.

Several analysts have recently weighed in on the company. ValuEngine upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded National Grid from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $65.00.

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 lines; 1,500 kilometers of underground cables; and 346 substations located in England and Wales.

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

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