QRG Capital Management Inc. Has $3.61 Million Position in National Grid plc (NYSE:NGG)

QRG Capital Management Inc. grew its holdings in National Grid plc (NYSE:NGG) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,727 shares of the utilities provider’s stock after purchasing an additional 9,687 shares during the quarter. QRG Capital Management Inc.’s holdings in National Grid were worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in National Grid by 64.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,460 shares of the utilities provider’s stock valued at $311,000 after buying an additional 1,748 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of National Grid by 36.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the utilities provider’s stock valued at $826,000 after acquiring an additional 3,188 shares during the period. US Bancorp DE boosted its stake in National Grid by 2.8% during the third quarter. US Bancorp DE now owns 34,118 shares of the utilities provider’s stock worth $2,377,000 after acquiring an additional 922 shares in the last quarter. Optas LLC boosted its stake in National Grid by 9.6% during the third quarter. Optas LLC now owns 6,725 shares of the utilities provider’s stock worth $469,000 after acquiring an additional 591 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in National Grid by 2.2% in the third quarter. Janney Montgomery Scott LLC now owns 90,718 shares of the utilities provider’s stock worth $6,320,000 after purchasing an additional 1,963 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Performance

NGG opened at $62.09 on Friday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a market cap of $60.75 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 5.64 and a beta of 0.63. The company’s fifty day moving average price is $60.19 and its two-hundred day moving average price is $63.52. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NGG shares. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, National Grid presently has an average 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.