National Grid plc (NYSE:NGG) Shares Acquired by Beck Bode LLC

Beck Bode LLC boosted its holdings in National Grid plc (NYSE:NGG) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,359 shares of the utilities provider’s stock after purchasing an additional 6,181 shares during the quarter. National Grid makes up about 2.3% of Beck Bode LLC’s investment portfolio, making the stock its 11th largest holding. Beck Bode LLC’s holdings in National Grid were worth $10,223,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Trust Company N.A acquired a new position in National Grid in the fourth quarter worth $51,000. Exchange Traded Concepts LLC acquired a new position in National Grid in the third quarter worth $52,000. Planned Solutions Inc. acquired a new position in National Grid in the fourth quarter worth $53,000. UMB Bank n.a. boosted its holdings in National Grid by 22.7% in the fourth quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 153 shares during the period. Finally, GAMMA Investing LLC acquired a new position in National Grid in the fourth quarter worth $59,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Trading Down 0.7 %

Shares of NYSE NGG traded down $0.48 during midday trading on Tuesday, reaching $66.64. 217,199 shares of the company traded hands, compared to its average volume of 394,117. National Grid plc has a 52 week low of $56.40 and a 52 week high of $74.48. The stock has a 50-day moving average price of $66.91 and a 200 day moving average price of $65.87. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.

Analyst Upgrades and Downgrades

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

National Grid Company 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.