3,375 Shares in National Grid plc (NYSE:NGG) Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of 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. The fund acquired 3,375 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NGG. FMR LLC lifted its holdings in National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock worth $277,964,000 after buying an additional 1,739,566 shares during the period. Merewether Investment Management LP acquired a new position in National Grid during the 3rd quarter worth about $66,535,000. Ausbil Investment Management Ltd acquired a new position in National Grid during the 3rd quarter worth about $62,421,000. Mediolanum International Funds Ltd acquired a new position in shares of National Grid in the 3rd quarter valued at about $38,021,000. Finally, International Assets Investment Management LLC acquired a new position in shares of National Grid in the 3rd quarter valued at about $12,222,000. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Stock Down 0.9 %

Shares of NYSE:NGG opened at $60.73 on Friday. The company has a market capitalization of $59.42 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 5.69 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The business’s 50-day moving average is $59.77 and its 200-day moving average is $63.69. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.

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.