BB&T Corp increased its position in shares of National Grid PLC (NYSE:NGG) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,566 shares of the company’s stock after buying an additional 27,725 shares during the period. BB&T Corp’s holdings in National Grid PLC were worth $13,942,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NGG. Chemung Canal Trust Co. acquired a new position in shares of National Grid PLC during the second quarter valued at about $206,000. Smith Salley & Associates increased its position in shares of National Grid PLC by 20.8% in the second quarter. Smith Salley & Associates now owns 21,073 shares of the company’s stock valued at $1,566,000 after buying an additional 3,633 shares in the last quarter. Bbva Compass Bancshares Inc. increased its position in shares of National Grid PLC by 9.7% in the second quarter. Bbva Compass Bancshares Inc. now owns 33,518 shares of the company’s stock valued at $2,491,000 after buying an additional 2,964 shares in the last quarter. FTB Advisors Inc. increased its position in shares of National Grid PLC by 4.1% in the second quarter. FTB Advisors Inc. now owns 2,846 shares of the company’s stock valued at $211,000 after buying an additional 113 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. increased its position in shares of National Grid PLC by 1.2% in the second quarter. Penobscot Investment Management Company Inc. now owns 9,880 shares of the company’s stock valued at $734,000 after buying an additional 120 shares in the last quarter. Institutional investors own 6.09% of the company’s stock.

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

National Grid PLC (NYSE:NGG) traded up 0.252% on Wednesday, hitting $65.645. The company’s stock had a trading volume of 211,919 shares. National Grid PLC has a 1-year low of $64.25 and a 1-year high of $74.97. The company has a 50 day moving average price of $69.23 and a 200-day moving average price of $71.27. The company has a market capitalization of $49.19 billion, a P/E ratio of 15.039 and a beta of 0.38.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded National Grid PLC from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Wednesday. RBC Capital Markets downgraded National Grid PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 29th. Barclays PLC restated an “overweight” rating on shares of National Grid PLC in a research report on Sunday, August 21st. Citigroup Inc. restated a “neutral” rating on shares of National Grid PLC in a research report on Wednesday, August 3rd. Finally, Jefferies Group restated a “hold” rating on shares of National Grid PLC in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.50.

National Grid PLC Company Profile

National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.

5 Day Chart for NYSE:NGG

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