Banco de Sabadell S.A Buys New Stake in National Grid plc (NGG)

Banco de Sabadell S.A purchased a new position in National Grid plc (NYSE:NGG) in the 4th quarter, Holdings Channel reports. The fund purchased 5,955 shares of the utilities provider’s stock, valued at approximately $350,000.

Several other large investors have also bought and sold shares of the business. Capital International Investors grew its stake in shares of National Grid by 302.5% in the third quarter. Capital International Investors now owns 2,693,566 shares of the utilities provider’s stock worth $168,914,000 after acquiring an additional 2,024,400 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of National Grid by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,380,228 shares of the utilities provider’s stock worth $139,981,000 after acquiring an additional 54,300 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of National Grid by 11.3% in the third quarter. Wells Fargo & Company MN now owns 1,871,386 shares of the utilities provider’s stock worth $117,355,000 after acquiring an additional 189,757 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of National Grid by 5.6% in the fourth quarter. Hennessy Advisors Inc. now owns 1,140,345 shares of the utilities provider’s stock worth $67,064,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of National Grid by 645.3% in the fourth quarter. Jane Street Group LLC now owns 905,316 shares of the utilities provider’s stock worth $53,242,000 after acquiring an additional 783,842 shares in the last quarter. Institutional investors and hedge funds own 5.36% of the company’s stock.

National Grid stock opened at $53.29 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77. National Grid plc has a 12 month low of $51.44 and a 12 month high of $75.24.

Several equities analysts have commented on the stock. UBS upgraded shares of National Grid from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 14th. Deutsche Bank upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Societe Generale assumed coverage on shares of National Grid in a research note on Monday, March 19th. They issued a “buy” rating for the company. Macquarie upgraded shares of National Grid from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 19th. Finally, BNP Paribas upgraded shares of National Grid from a “neutral” rating to an “outperform” rating in a research note on Monday, January 29th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. National Grid has an average rating of “Buy” and a consensus target price of $67.00.

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National Grid Company Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

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Institutional Ownership by Quarter for National Grid (NYSE:NGG)

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