National Grid plc (NYSE:NGG) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in shares of National Grid plc (NYSE:NGG) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,913 shares of the utilities provider’s stock after purchasing an additional 313 shares during the quarter. Moors & Cabot Inc.’s holdings in National Grid were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NGG. Sigma Planning Corp acquired a new stake in National Grid during the 3rd quarter worth $242,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of National Grid during the third quarter worth about $566,000. Oppenheimer & Co. Inc. purchased a new stake in shares of National Grid in the 3rd quarter valued at about $250,000. Natixis Advisors LLC boosted its position in shares of National Grid by 51.9% in the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after purchasing an additional 38,123 shares during the period. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in National Grid during the 3rd quarter worth approximately $1,065,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Stock Up 1.5 %

National Grid stock opened at $63.25 on Friday. The stock has a 50 day moving average of $60.70 and a two-hundred day moving average of $63.26. National Grid plc has a twelve month low of $54.24 and a twelve month high of $72.21. The stock has a market capitalization of $61.89 billion, a price-to-earnings ratio of 12.16, 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

NGG has been the subject of a number of research reports. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.