GAMMA Investing LLC Takes Position in National Grid plc (NYSE:NGG)

GAMMA Investing LLC bought a new position in National Grid plc (NYSE:NGG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 868 shares of the utilities provider’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Trust Company N.A acquired a new stake in National Grid in the fourth quarter valued at approximately $51,000. Exchange Traded Concepts LLC purchased a new stake in shares of National Grid during the third quarter worth about $52,000. Planned Solutions Inc. acquired a new position in shares of National Grid during the fourth quarter valued at about $53,000. UMB Bank n.a. raised its position in shares of National Grid by 22.7% in the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 153 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in National Grid in the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

NGG has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. BNP Paribas raised National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded National Grid from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,165.00.

National Grid Stock Performance

Shares of National Grid stock opened at $67.09 on Thursday. The firm has a fifty day moving average price of $66.92 and a 200 day moving average price of $65.88. National Grid plc has a 1 year low of $56.40 and a 1 year high of $74.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.

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.