GAMMA Investing LLC Boosts Stake in National Grid plc (NYSE:NGG)

GAMMA Investing LLC increased its stake in shares of National Grid plc (NYSE:NGG) by 45.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,005 shares of the utilities provider’s stock after buying an additional 314 shares during the quarter. GAMMA Investing LLC’s holdings in National Grid were worth $70,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. RFP Financial Group LLC grew its stake in National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Headlands Technologies LLC acquired a new position in National Grid in the 1st quarter worth approximately $27,000. Richardson Financial Services Inc. purchased a new position in National Grid during the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new stake in National Grid during the 4th quarter valued at approximately $29,000. Finally, Bessemer Group Inc. purchased a new stake in shares of National Grid in the 1st quarter valued at $29,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Price Performance

NYSE:NGG opened at $67.16 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average price of $67.14 and a 200-day moving average price of $64.59. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About National Grid

National Grid plc transmits and distributes electricity and gas. It 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.