Hexagon Capital Partners LLC Acquires 445 Shares of National Grid plc (NYSE:NGG)

Hexagon Capital Partners LLC increased its holdings in shares of National Grid plc (NYSE:NGG) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,685 shares of the utilities provider’s stock after purchasing an additional 445 shares during the quarter. Hexagon Capital Partners LLC’s holdings in National Grid were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. RFP Financial Group LLC boosted its holdings in shares of National Grid by 119.8% during the 1st 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 during the last quarter. Headlands Technologies LLC bought a new stake in shares of National Grid during the 1st quarter valued at about $27,000. Richardson Financial Services Inc. purchased a new stake in National Grid during the first quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of National Grid in the 4th quarter worth $29,000. Finally, Bessemer Group Inc. bought a new position in shares of National Grid in the first quarter worth about $29,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on NGG shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup cut 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 given a buy rating to the stock. According to MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NGG stock opened at $65.70 on Friday. The company’s 50-day simple moving average is $66.89 and its two-hundred day simple moving average is $64.65. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91.

About National Grid

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.