Jane Street Group LLC grew its holdings in shares of National Grid plc (NYSE:NGG) by 645.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 905,316 shares of the utilities provider’s stock after buying an additional 783,842 shares during the quarter. Jane Street Group LLC owned 0.13% of National Grid worth $53,242,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in NGG. Capital International Investors boosted its stake in shares of National Grid by 302.5% during the 3rd quarter. Capital International Investors now owns 2,693,566 shares of the utilities provider’s stock valued at $168,914,000 after buying an additional 2,024,400 shares during the last quarter. Millennium Management LLC lifted its stake in National Grid by 226.9% during the fourth quarter. Millennium Management LLC now owns 338,241 shares of the utilities provider’s stock worth $19,892,000 after purchasing an additional 234,773 shares during the last quarter. Wells Fargo & Company MN lifted its stake in National Grid by 11.3% during the third quarter. Wells Fargo & Company MN now owns 1,871,386 shares of the utilities provider’s stock worth $117,355,000 after purchasing an additional 189,757 shares during the last quarter. OLD Mission Capital LLC bought a new position in National Grid during the fourth quarter worth $8,162,000. Finally, Tiedemann Wealth Management LLC bought a new position in National Grid during the third quarter worth $4,453,000. Institutional investors own 5.37% of the company’s stock.
NGG stock opened at $58.06 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $38,638.25, a price-to-earnings ratio of 11.78, a P/E/G ratio of 3.60 and a beta of 0.44. National Grid plc has a 1 year low of $51.44 and a 1 year high of $75.24.
Several brokerages recently issued reports on NGG. BNP Paribas upgraded National Grid from a “neutral” rating to an “outperform” rating in a research note on Monday, January 29th. Zacks Investment Research upgraded National Grid from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, January 23rd. Macquarie upgraded National Grid from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 19th. UBS upgraded National Grid from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 14th. Finally, ValuEngine cut National Grid from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.00.
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National Grid Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.
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