Signaturefd LLC Has $1.23 Million Stock Position in National Grid plc (NYSE:NGG)

Signaturefd LLC lifted its stake in National Grid plc (NYSE:NGG) by 17.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,590 shares of the utilities provider’s stock after buying an additional 2,599 shares during the period. Signaturefd LLC’s holdings in National Grid were worth $1,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. RFP Financial Group LLC grew its position in National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Headlands Technologies LLC acquired a new stake in shares of National Grid in the 1st quarter valued at $27,000. Richardson Financial Services Inc. bought a new stake in shares of National Grid in the 1st quarter worth about $28,000. Bessemer Group Inc. acquired a new stake in shares of National Grid during the 1st quarter worth about $29,000. Finally, Rothschild Investment LLC acquired a new position in National Grid in the second quarter valued at about $37,000. Institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.2 %

NGG opened at $66.43 on Thursday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The stock has a market capitalization of $52.71 billion, a PE ratio of 13.64, a PEG ratio of 4.50 and a beta of 0.61. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $67.57 and a two-hundred day moving average price of $64.58.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NGG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.