Wealth Enhancement Advisory Services LLC Has $826,000 Stock Holdings in National Grid plc (NYSE:NGG)

Wealth Enhancement Advisory Services LLC increased its position in National Grid plc (NYSE:NGG) by 36.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,850 shares of the utilities provider’s stock after buying an additional 3,188 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in National Grid were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NGG. Capital International Investors bought a new stake in National Grid during the 1st quarter worth approximately $86,218,000. Ausbil Investment Management Ltd acquired a new stake in National Grid in the third quarter valued at $62,421,000. Hsbc Holdings PLC raised its position in National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock worth $36,917,000 after purchasing an additional 644,553 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in National Grid during the 3rd quarter worth about $38,021,000. Finally, Marshall Wace LLP acquired a new position in National Grid during the 2nd quarter worth about $29,097,000. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NGG. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

National Grid Stock Down 2.1 %

Shares of NGG opened at $64.12 on Thursday. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The stock has a 50 day moving average price of $67.43 and a two-hundred day moving average price of $64.57.

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.