Bailard Inc. Has $291,000 Holdings in National Grid plc (NYSE:NGG)

Bailard Inc. lifted its holdings in shares of National Grid plc (NYSE:NGG) by 4.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,116 shares of the utilities provider’s stock after purchasing an additional 217 shares during the quarter. Bailard Inc.’s holdings in National Grid were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in National Grid during the fourth quarter worth approximately $11,446,000. GAMMA Investing LLC bought a new stake in National Grid during the fourth quarter worth $59,000. Atria Wealth Solutions Inc. acquired a new stake in shares of National Grid in the 4th quarter valued at $222,000. Naviter Wealth LLC increased its stake in shares of National Grid by 29.7% in the 4th quarter. Naviter Wealth LLC now owns 15,148 shares of the utilities provider’s stock valued at $1,044,000 after purchasing an additional 3,472 shares during the last quarter. Finally, Intrust Bank NA raised its holdings in shares of National Grid by 1.8% during the 4th quarter. Intrust Bank NA now owns 16,654 shares of the utilities provider’s stock worth $1,132,000 after buying an additional 288 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Performance

NYSE:NGG opened at $66.75 on Tuesday. The company has a market capitalization of $52.96 billion, a PE ratio of 13.96, a P/E/G ratio of 5.74 and a beta of 0.61. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. The company has a 50 day simple moving average of $61.69 and a two-hundred day simple moving average of $64.27.

Analysts Set New Price Targets

NGG has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.