Creative Planning raised its holdings in National Grid plc (NYSE:NGG) by 16.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,499 shares of the utilities provider’s stock after buying an additional 2,338 shares during the period. Creative Planning’s holdings in National Grid were worth $792,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Northern Trust Corp raised its stake in National Grid by 6.8% in the 2nd quarter. Northern Trust Corp now owns 627,051 shares of the utilities provider’s stock valued at $35,021,000 after acquiring an additional 39,760 shares during the period. Bank of Montreal Can raised its stake in National Grid by 26.7% in the 3rd quarter. Bank of Montreal Can now owns 319,053 shares of the utilities provider’s stock valued at $16,546,000 after acquiring an additional 67,261 shares during the period. Cornerstone Wealth Management LLC raised its stake in National Grid by 43.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 53,539 shares of the utilities provider’s stock valued at $855,000 after acquiring an additional 16,289 shares during the period. BTIM Corp. grew its holdings in National Grid by 2.2% during the 3rd quarter. BTIM Corp. now owns 73,175 shares of the utilities provider’s stock valued at $3,795,000 after buying an additional 1,600 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in National Grid by 15.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 150,040 shares of the utilities provider’s stock valued at $7,764,000 after buying an additional 20,450 shares in the last quarter. Institutional investors own 5.38% of the company’s stock.
NGG stock opened at $54.40 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.22. The stock has a market cap of $37.04 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 9.64 and a beta of 0.47. National Grid plc has a twelve month low of $46.36 and a twelve month high of $59.82.
NGG has been the subject of a number of recent analyst reports. Barclays initiated coverage on National Grid in a report on Wednesday, January 30th. They set an “overweight” rating for the company. Zacks Investment Research lowered National Grid from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Finally, Royal Bank of Canada raised National Grid from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $61.00.
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About National Grid
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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