Benjamin F. Edwards & Company Inc. Increases Holdings in National Grid plc (NYSE:NGG)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of National Grid plc (NYSE:NGG) by 383.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,446 shares of the utilities provider’s stock after acquiring an additional 11,459 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in National Grid were worth $982,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its position in National Grid by 127.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,617 shares of the utilities provider’s stock worth $1,917,000 after purchasing an additional 17,725 shares during the period. Bailard Inc. raised its position in National Grid by 3.5% in the 3rd quarter. Bailard Inc. now owns 5,088 shares of the utilities provider’s stock worth $309,000 after purchasing an additional 170 shares during the period. Concord Wealth Partners raised its position in National Grid by 9.8% in the 3rd quarter. Concord Wealth Partners now owns 1,922 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 171 shares during the period. Lindbrook Capital LLC raised its position in National Grid by 19.5% in the 3rd quarter. Lindbrook Capital LLC now owns 1,254 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 205 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in National Grid by 5.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 18,583 shares of the utilities provider’s stock worth $1,127,000 after purchasing an additional 957 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NGG. Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. BNP Paribas upgraded shares of National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,165.00.

National Grid Stock Performance

NYSE:NGG opened at $68.65 on Tuesday. National Grid plc has a 52 week low of $56.40 and a 52 week high of $74.48. The firm has a 50 day moving average of $67.04 and a 200 day moving average of $66.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.

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.