Ritholtz Wealth Management acquired a new position in National Grid plc (NYSE:NGG – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,525 shares of the utilities provider’s stock, valued at approximately $664,000.
Several other large investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC raised its position in shares of National Grid by 4.5% during the first quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 160 shares during the last quarter. RFP Financial Group LLC boosted its holdings in National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Profund Advisors LLC increased its position in National Grid by 3.0% in the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 203 shares during the period. Dearborn Partners LLC raised its holdings in National Grid by 5.5% during the 1st quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 213 shares during the last quarter. Finally, Bailard Inc. lifted its position in National Grid by 4.4% during the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.
National Grid Stock Up 0.4 %
Shares of NGG stock opened at $67.16 on Wednesday. The stock has a 50-day moving average of $67.14 and a 200-day moving average of $64.59. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. National Grid plc has a one year low of $55.13 and a one year high of $73.40.
Analysts Set New Price Targets
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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.
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