Vise Technologies Inc. purchased a new stake in shares of National Grid plc (NYSE:NGG – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,821 shares of the utilities provider's stock, valued at approximately $217,000.
Several other large investors have also recently added to or reduced their stakes in NGG. Dimensional Fund Advisors LP increased its stake in National Grid by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 574,848 shares of the utilities provider's stock valued at $41,573,000 after buying an additional 11,978 shares during the period. HighTower Advisors LLC increased its stake in National Grid by 1.5% in the 4th quarter. HighTower Advisors LLC now owns 29,479 shares of the utilities provider's stock valued at $2,127,000 after buying an additional 430 shares during the period. JPMorgan Chase & Co. increased its stake in National Grid by 859.2% in the 4th quarter. JPMorgan Chase & Co. now owns 322,872 shares of the utilities provider's stock valued at $23,349,000 after buying an additional 289,210 shares during the period. Bank of Montreal Can acquired a new position in National Grid in the 4th quarter valued at approximately $30,633,000. Finally, O Shaughnessy Asset Management LLC increased its stake in National Grid by 27.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,524 shares of the utilities provider's stock valued at $399,000 after buying an additional 1,175 shares during the period. Institutional investors and hedge funds own 3.68% of the company's stock.
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National Grid Price Performance
NYSE NGG opened at $59.97 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $66.87 and a 200 day simple moving average of $70.82. National Grid plc has a 1 year low of $59.53 and a 1 year high of $80.20.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Credit Suisse Group boosted their target price on shares of National Grid from GBX 1,200 ($14.50) to GBX 1,225 ($14.80) in a research report on Friday, June 24th. Jefferies Financial Group downgraded shares of National Grid from a "buy" rating to a "hold" rating in a research report on Thursday, June 30th. Finally, StockNews.com downgraded shares of National Grid from a "buy" rating to a "hold" rating in a research report on Monday, August 15th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1,145.00.
National Grid Profile
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National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.
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