5,636 Shares in National Grid plc (NGG) Purchased by VisionPoint Advisory Group LLC

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VisionPoint Advisory Group LLC bought a new stake in National Grid plc (NYSE:NGG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,636 shares of the utilities provider’s stock, valued at approximately $270,000.

Several other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of National Grid by 23.5% during the third quarter. Renaissance Technologies LLC now owns 3,887,281 shares of the utilities provider’s stock valued at $201,594,000 after acquiring an additional 739,853 shares during the last quarter. Capital International Investors increased its position in shares of National Grid by 9.0% during the third quarter. Capital International Investors now owns 2,935,366 shares of the utilities provider’s stock valued at $152,228,000 after acquiring an additional 241,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Grid by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 401,172 shares of the utilities provider’s stock valued at $19,248,000 after acquiring an additional 21,398 shares during the last quarter. Vaughan David Investments LLC IL increased its position in shares of National Grid by 3.6% during the third quarter. Vaughan David Investments LLC IL now owns 271,764 shares of the utilities provider’s stock valued at $14,094,000 after acquiring an additional 9,325 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of National Grid by 11.3% during the third quarter. Assetmark Inc. now owns 207,242 shares of the utilities provider’s stock valued at $10,748,000 after acquiring an additional 21,008 shares during the last quarter. Institutional investors own 5.46% of the company’s stock.

NYSE:NGG traded up $0.09 during trading hours on Friday, reaching $57.96. The stock had a trading volume of 128,406 shares, compared to its average volume of 614,559. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.85 and a quick ratio of 0.79. National Grid plc has a 12-month low of $46.36 and a 12-month high of $59.82. The company has a market capitalization of $39.49 billion, a P/E ratio of 14.75, a P/E/G ratio of 10.15 and a beta of 0.45.

A number of analysts have issued reports on NGG shares. Zacks Investment Research raised National Grid from a “sell” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, February 13th. Barclays started coverage on National Grid in a research report on Wednesday, January 30th. They issued an “overweight” rating for the company. Finally, Royal Bank of Canada raised National Grid from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. National Grid presently has an average rating of “Buy” and a consensus price target of $61.00.

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National Grid Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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

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