SBI Securities Co. Ltd. Makes New Investment in National Grid plc (NYSE:NGG)

SBI Securities Co. Ltd. purchased a new position 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 fund purchased 11,190 shares of the utilities provider’s stock, valued at approximately $665,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in shares of National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after buying an additional 174 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of National Grid by 3.2% in the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after buying an additional 175 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after buying an additional 192 shares in the last quarter. Carr Financial Group Corp raised its position in shares of National Grid by 3.9% during the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 205 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

NGG has been the topic of a number of recent analyst reports. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Stock Down 0.7 %

NYSE:NGG opened at $61.72 on Tuesday. The firm has a market capitalization of $60.39 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The business’s fifty day moving average price is $60.24 and its 200 day moving average price is $63.49.

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.