Quantum Private Wealth LLC Purchases 1,985 Shares of National Grid plc (NYSE:NGG)

Quantum Private Wealth LLC lifted its position in National Grid plc (NYSE:NGG) by 31.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,376 shares of the utilities provider’s stock after purchasing an additional 1,985 shares during the period. Quantum Private Wealth LLC’s holdings in National Grid were worth $584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NGG. RFP Financial Group LLC boosted its holdings in National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Headlands Technologies LLC bought a new stake in National Grid in the first quarter valued at $27,000. Bessemer Group Inc. bought a new stake in National Grid in the first quarter valued at $29,000. Rothschild Investment LLC bought a new stake in National Grid in the second quarter valued at $37,000. Finally, Fortitude Family Office LLC bought a new stake in National Grid in the third quarter valued at $37,000. Institutional investors own 4.68% of the company’s stock.

National Grid Trading Down 1.0 %

NGG opened at $63.67 on Friday. The stock has a 50-day moving average price of $67.43 and a 200-day moving average price of $64.57. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NGG. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Company 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.