Russell Investments Group Ltd. Grows Holdings in National Grid plc (NYSE:NGG)

Share on StockTwits

Russell Investments Group Ltd. grew its holdings in shares of National Grid plc (NYSE:NGG) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,153 shares of the utilities provider’s stock after buying an additional 12,216 shares during the quarter. Russell Investments Group Ltd.’s holdings in National Grid were worth $6,273,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NGG. Capital Investment Advisory Services LLC boosted its stake in shares of National Grid by 832.7% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 513 shares of the utilities provider’s stock valued at $27,000 after buying an additional 458 shares during the last quarter. Citizens Financial Group Inc RI purchased a new position in shares of National Grid during the 1st quarter valued at approximately $28,000. Cornerstone Advisors Inc. boosted its stake in shares of National Grid by 135.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 553 shares of the utilities provider’s stock valued at $31,000 after buying an additional 318 shares during the last quarter. Avestar Capital LLC boosted its stake in shares of National Grid by 35.8% during the 1st quarter. Avestar Capital LLC now owns 786 shares of the utilities provider’s stock valued at $43,000 after buying an additional 207 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of National Grid by 51.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,208 shares of the utilities provider’s stock valued at $64,000 after buying an additional 410 shares during the last quarter. Institutional investors own 5.73% of the company’s stock.

Shares of NGG stock traded up $0.32 on Friday, hitting $51.61. 11,996 shares of the stock traded hands, compared to its average volume of 439,134. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market capitalization of $37.28 billion, a PE ratio of 13.49, a PEG ratio of 9.77 and a beta of 0.43. National Grid plc has a 1-year low of $46.36 and a 1-year high of $59.01. The company’s fifty day moving average is $51.81 and its 200 day moving average is $53.51.

Several equities analysts have recently commented on NGG shares. Zacks Investment Research upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Macquarie started coverage on National Grid in a research note on Monday, June 17th. They set an “outperform” rating for the company. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a research note on Friday, June 14th. Finally, Deutsche Bank upgraded National Grid from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. National Grid currently has an average rating of “Buy” and a consensus target price of $61.00.

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.

Further Reading: Equal Weight Rating

Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG).

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

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.