Morgan Stanley Raises Position in National Grid plc (NYSE:NGG)

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Morgan Stanley lifted its holdings in shares of National Grid plc (NYSE:NGG) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,915,671 shares of the utilities provider’s stock after acquiring an additional 108,547 shares during the period. Morgan Stanley owned 0.29% of National Grid worth $106,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Capital Group LLC raised its position in shares of National Grid by 6,803.7% during the 1st quarter. Private Capital Group LLC now owns 1,864 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 1,837 shares in the last quarter. NumerixS Investment Technologies Inc grew its stake in National Grid by 216.7% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,300 shares during the last quarter. Bollard Group LLC purchased a new position in National Grid during the 1st quarter worth approximately $113,000. Barclays PLC purchased a new position in National Grid during the 1st quarter worth approximately $125,000. Finally, Quadrant Capital Group LLC grew its stake in National Grid by 708.2% during the 1st quarter. Quadrant Capital Group LLC now owns 3,451 shares of the utilities provider’s stock worth $190,000 after buying an additional 3,024 shares during the last quarter. 5.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of NGG stock traded down $0.33 during midday trading on Friday, hitting $52.51. The company had a trading volume of 686,409 shares, compared to its average volume of 620,105. National Grid plc has a 52-week low of $50.52 and a 52-week high of $63.31. The company has a market capitalization of $34.81 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 6.11 and a beta of 0.34. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.18.

A number of research analysts recently issued reports on NGG shares. ValuEngine upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $65.00.

About National Grid

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.

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

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