Signaturefd LLC Purchases 2,599 Shares of National Grid plc (NYSE:NGG)

Signaturefd LLC boosted its position in shares of National Grid plc (NYSE:NGG) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,590 shares of the utilities provider’s stock after acquiring an additional 2,599 shares during the period. Signaturefd LLC’s holdings in National Grid were worth $1,225,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NGG. RFP Financial Group LLC lifted its position in shares of National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Headlands Technologies LLC bought a new position in National Grid in the 1st quarter worth approximately $27,000. Richardson Financial Services Inc. acquired a new position in shares of National Grid during the first quarter worth approximately $28,000. Bessemer Group Inc. bought a new stake in shares of National Grid in the first quarter valued at approximately $29,000. Finally, Rothschild Investment LLC acquired a new stake in shares of National Grid in the second quarter worth $37,000. 4.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NGG shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

National Grid Stock Up 0.2 %

Shares of NGG stock opened at $66.43 on Thursday. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The stock has a fifty day moving average price of $67.57 and a 200 day moving average price of $64.58. The stock has a market cap of $52.71 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 4.50 and a beta of 0.61.

National Grid Profile

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.