National Grid plc (NYSE:NGG) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its holdings in National Grid plc (NYSE:NGG) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,678 shares of the utilities provider’s stock after purchasing an additional 230 shares during the quarter. Congress Wealth Management LLC DE’s holdings in National Grid were worth $219,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings 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 valued at $62,000 after buying an additional 174 shares in the last quarter. Rothschild Investment LLC boosted its stake in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 196 shares during the last quarter. GAMMA Investing LLC increased 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 in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of National Grid by 5.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock valued at $346,000 after purchasing an additional 242 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Stock Up 2.7 %

NGG opened at $65.66 on Monday. The business has a 50 day moving average price of $61.92 and a two-hundred day moving average price of $62.98. National Grid plc has a 52 week low of $54.24 and a 52 week high of $72.21. The company has a market cap of $64.24 billion, a PE ratio of 12.63, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NGG shares. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.