Lindbrook Capital LLC Acquires 396 Shares of National Grid plc (NYSE:NGG)

Lindbrook Capital LLC raised its position in shares of National Grid plc (NYSE:NGG) by 33.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,575 shares of the utilities provider’s stock after buying an additional 396 shares during the quarter. Lindbrook Capital LLC’s holdings in National Grid were worth $94,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. IFP Advisors Inc lifted its position in shares of National Grid by 20.0% during the fourth 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 during the last quarter. Moors & Cabot Inc. lifted its position in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after buying an additional 175 shares during the last quarter. Rothschild Investment LLC lifted its position in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after buying an additional 192 shares during the last quarter. Verdence Capital Advisors LLC lifted its position 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 valued at $1,422,000 after buying an additional 196 shares during the last quarter. Finally, Carr Financial Group Corp lifted its position in shares of National Grid by 3.9% during the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after buying an additional 205 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on NGG shares. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, National Grid has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

Shares of National Grid stock opened at $60.85 on Friday. The firm has a market capitalization of $59.54 billion, a P/E ratio of 11.70, a PEG 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. The company has a 50 day moving average price of $60.39 and a 200 day moving average price of $63.40. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.

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.