Intrust Bank NA Boosts Stake in National Grid plc (NYSE:NGG)

Intrust Bank NA increased its position in National Grid plc (NYSE:NGG) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,654 shares of the utilities provider’s stock after purchasing an additional 288 shares during the quarter. Intrust Bank NA’s holdings in National Grid were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Trust Company N.A purchased a new position in shares of National Grid in the 4th quarter worth about $51,000. Planned Solutions Inc. purchased a new stake in National Grid during the 4th quarter valued at $53,000. UMB Bank n.a. raised its stake in shares of National Grid by 22.7% in the fourth quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 153 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in National Grid in the 3rd quarter worth about $52,000. Finally, GAMMA Investing LLC bought a new position in National Grid during the 4th quarter valued at about $59,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Stock Performance

NGG stock traded down $0.36 during mid-day trading on Tuesday, hitting $66.76. The company had a trading volume of 22,791 shares, compared to its average volume of 391,694. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. National Grid plc has a 12-month low of $56.40 and a 12-month high of $74.48. The company has a 50-day moving average price of $66.91 and a 200 day moving average price of $65.83.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, BNP Paribas upgraded National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,165.00.

National Grid Company Profile

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, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.