National Grid plc (NYSE:NGG) Shares Acquired by Syon Capital LLC

Syon Capital LLC increased its position in shares of National Grid plc (NYSE:NGG) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,556 shares of the utilities provider’s stock after buying an additional 3,342 shares during the period. Syon Capital LLC’s holdings in National Grid were worth $922,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NGG. UMB Bank n.a. raised its stake in shares of National Grid by 22.7% in the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 153 shares in the last quarter. Bailard Inc. raised its stake in National Grid by 3.5% during the third quarter. Bailard Inc. now owns 5,088 shares of the utilities provider’s stock valued at $309,000 after buying an additional 170 shares in the last quarter. Concord Wealth Partners lifted its holdings in National Grid by 9.8% during the 3rd quarter. Concord Wealth Partners now owns 1,922 shares of the utilities provider’s stock worth $117,000 after buying an additional 171 shares during the last quarter. Dearborn Partners LLC grew its position in shares of National Grid by 3.8% in the 3rd quarter. Dearborn Partners LLC now owns 4,803 shares of the utilities provider’s stock worth $291,000 after acquiring an additional 177 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of National Grid by 14.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Trading Down 0.1 %

Shares of National Grid stock traded down $0.06 during trading on Thursday, hitting $66.76. 232,314 shares of the stock were exchanged, compared to its average volume of 399,698. The stock’s fifty day moving average is $66.81 and its 200 day moving average is $65.64. National Grid plc has a 12 month low of $56.40 and a 12 month high of $74.48. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NGG shares. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised shares of National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Jefferies Financial Group raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, BNP Paribas upgraded National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,165.00.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.