Harvey Capital Management Inc. held its position in National Grid plc (NYSE:NGG) during the first quarter, Holdings Channel reports. The firm owned 5,800 shares of the utilities provider’s stock at the end of the first quarter. Harvey Capital Management Inc.’s holdings in National Grid plc were worth $368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HBK Sorce Advisory LLC raised its position in National Grid plc by 0.4% in the third quarter. HBK Sorce Advisory LLC now owns 5,109 shares of the utilities provider’s stock worth $363,000 after buying an additional 20 shares during the last quarter. HighPoint Advisor Group LLC raised its position in National Grid plc by 0.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,386 shares of the utilities provider’s stock worth $503,000 after buying an additional 49 shares during the last quarter. Frontier Wealth Management LLC raised its position in National Grid plc by 1.1% in the fourth quarter. Frontier Wealth Management LLC now owns 7,232 shares of the utilities provider’s stock worth $422,000 after buying an additional 77 shares during the last quarter. RFG Advisory Group LLC raised its position in National Grid plc by 1.4% in the fourth quarter. RFG Advisory Group LLC now owns 6,081 shares of the utilities provider’s stock worth $425,000 after buying an additional 83 shares during the last quarter. Finally, Financial Advisory Service Inc. raised its position in National Grid plc by 2.9% in the third quarter. Financial Advisory Service Inc. now owns 3,137 shares of the utilities provider’s stock worth $223,000 after buying an additional 88 shares during the last quarter. 5.55% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for National Grid plc (NYSE:NGG)

National Grid plc (NYSE:NGG) traded down 0.29% during mid-day trading on Tuesday, reaching $64.88. The company had a trading volume of 403,501 shares. National Grid plc has a 12-month low of $56.50 and a 12-month high of $74.97. The company has a market capitalization of $48.83 billion, a price-to-earnings ratio of 19.14 and a beta of 0.43. The stock has a 50-day moving average of $62.14 and a 200 day moving average of $60.95.

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A number of research analysts recently weighed in on the company. Royal Bank of Canada raised National Grid plc from a “sector perform” rating to an “outperform” rating in a report on Monday, January 30th. Zacks Investment Research lowered National Grid plc from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th. BNP Paribas raised National Grid plc from an “underperform” rating to a “neutral” rating in a report on Tuesday, March 21st. Berenberg Bank raised National Grid plc from a “hold” rating to a “buy” rating in a report on Friday, January 20th. Finally, Investec raised National Grid plc from a “hold” rating to a “buy” rating in a report on Friday, January 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.00.

National Grid plc Company Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

5 Day Chart for NYSE:NGG

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