Brown Brothers Harriman & Co. Boosts Stake in National Grid plc (NYSE:NGG)

Brown Brothers Harriman & Co. boosted its stake in shares of National Grid plc (NYSE:NGG) by 67.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 491 shares of the utilities provider’s stock after purchasing an additional 198 shares during the period. Brown Brothers Harriman & Co.’s holdings in National Grid were worth $29,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NGG. Whipplewood Advisors LLC bought a new position in shares of National Grid in the fourth quarter worth about $25,000. Larson Financial Group LLC increased its holdings in National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC raised its stake in National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 192 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in National Grid during the fourth quarter valued at approximately $53,000. Finally, Eastern Bank boosted its position in shares of National Grid by 52.7% in the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 320 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Stock Performance

NGG opened at $65.79 on Thursday. The stock has a market capitalization of $64.37 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company has a fifty day moving average of $62.24 and a 200 day moving average of $62.95.

Analysts Set New Price Targets

NGG has been the topic of several recent analyst reports. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.