Ballentine Partners LLC Has $383,000 Stock Holdings in National Grid plc (NYSE:NGG)

Ballentine Partners LLC raised its stake in shares of National Grid plc (NYSE:NGG) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,493 shares of the utilities provider’s stock after purchasing an additional 899 shares during the period. Ballentine Partners LLC’s holdings in National Grid were worth $383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ausbil Investment Management Ltd acquired a new position in National Grid in the 3rd quarter valued at $62,421,000. International Assets Investment Management LLC acquired a new stake in shares of National Grid in the third quarter valued at about $12,222,000. Leo Wealth LLC grew its position in shares of National Grid by 20.5% in the third quarter. Leo Wealth LLC now owns 20,035 shares of the utilities provider’s stock valued at $1,396,000 after purchasing an additional 3,402 shares during the last quarter. Eastern Bank acquired a new stake in shares of National Grid in the third quarter valued at about $42,000. Finally, Signaturefd LLC grew its position in shares of National Grid by 17.3% in the third quarter. Signaturefd LLC now owns 17,590 shares of the utilities provider’s stock valued at $1,225,000 after purchasing an additional 2,599 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NGG shares. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

NGG stock opened at $66.01 on Tuesday. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The business’s 50-day simple moving average is $67.64 and its 200 day simple moving average is $64.58. 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 Company 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.