Graney & King LLC Makes New $202,000 Investment in National Grid plc (NYSE:NGG)

Graney & King LLC acquired a new stake in shares of National Grid plc (NYSE:NGG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,399 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other large investors have also modified their holdings of NGG. Whipplewood Advisors LLC acquired a new stake in shares of National Grid during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after buying an additional 192 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in National Grid in the 4th quarter worth about $53,000. Finally, Eastern Bank increased its stake in National Grid by 52.7% in the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after buying an additional 320 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Stock Performance

NYSE:NGG opened at $63.01 on Wednesday. The firm’s fifty day simple moving average is $61.59 and its 200 day simple moving average is $63.08. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The firm has a market capitalization of $61.65 billion, a PE ratio of 12.12, a PEG ratio of 5.64 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NGG. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Company Profile

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.