Jaffetilchin Investment Partners LLC Acquires Shares of 8,514 National Grid plc (NYSE:NGG)

Jaffetilchin Investment Partners LLC bought a new position in shares of National Grid plc (NYSE:NGG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,514 shares of the utilities provider’s stock, valued at approximately $484,000.

Several other large investors also recently modified their holdings of NGG. International Assets Investment Management LLC purchased a new stake in National Grid in the 4th quarter worth approximately $11,446,000. Leo Wealth LLC bought a new stake in National Grid in the fourth quarter valued at $1,431,000. BNP Paribas Financial Markets purchased a new position in National Grid during the 1st quarter valued at $1,372,000. Benjamin F. Edwards & Company Inc. raised its holdings in National Grid by 383.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,446 shares of the utilities provider’s stock worth $982,000 after purchasing an additional 11,459 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of National Grid by 11.6% in the 4th quarter. Stifel Financial Corp now owns 247,902 shares of the utilities provider’s stock worth $16,855,000 after purchasing an additional 25,673 shares during the period. 4.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NGG shares. The Goldman Sachs Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

Shares of National Grid stock opened at $66.60 on Friday. The business has a fifty day simple moving average of $62.46 and a two-hundred day simple moving average of $64.33. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40.

National Grid 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.