QRG Capital Management Inc. Buys 9,687 Shares of National Grid plc (NYSE:NGG)

QRG Capital Management Inc. lifted its position in National Grid plc (NYSE:NGG) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,727 shares of the utilities provider’s stock after acquiring an additional 9,687 shares during the quarter. QRG Capital Management Inc.’s holdings in National Grid were worth $3,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in National Grid in the 4th quarter worth about $25,000. Rothschild Investment LLC boosted its stake in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after buying an additional 192 shares during the last quarter. Eastern Bank grew its holdings in shares of National Grid by 52.7% in the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 320 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of National Grid during the third quarter valued at approximately $60,000. Finally, IFP Advisors Inc lifted its holdings in National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 1.0 %

NYSE:NGG opened at $62.09 on Friday. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average is $60.19 and its 200 day moving average is $63.52. The stock has a market capitalization of $60.75 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

National Grid Profile

National Grid plc transmits and distributes electricity and gas. It 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.