HBK Sorce Advisory LLC Acquires 383 Shares of National Grid plc (NYSE:NGG)

HBK Sorce Advisory LLC boosted its holdings in shares of National Grid plc (NYSE:NGG) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,856 shares of the utilities provider’s stock after purchasing an additional 383 shares during the period. HBK Sorce Advisory LLC’s holdings in National Grid were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. lifted its stake in National Grid by 0.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 100,646 shares of the utilities provider’s stock worth $5,980,000 after purchasing an additional 772 shares during the period. Farther Finance Advisors LLC lifted its stake in National Grid by 197.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,587 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 1,054 shares during the period. Moors & Cabot Inc. lifted its stake in National Grid by 5.6% during the fourth quarter. Moors & Cabot Inc. now owns 5,913 shares of the utilities provider’s stock worth $351,000 after purchasing an additional 313 shares during the period. Natural Investments LLC bought a new position in National Grid during the fourth quarter worth about $674,000. Finally, Dearborn Partners LLC lifted its stake in National Grid by 14.2% during the fourth quarter. Dearborn Partners LLC now owns 4,726 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 588 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Performance

NGG stock opened at $63.25 on Friday. 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 company has a 50 day moving average price of $60.70 and a 200 day moving average price of $63.29. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21. The stock has a market capitalization of $61.89 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NGG. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Citigroup upgraded shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.