First Allied Advisory Services Inc. Has $905,000 Stake in National Grid plc (NGG)

First Allied Advisory Services Inc. grew its stake in National Grid plc (NYSE:NGG) by 17.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,316 shares of the utilities provider’s stock after purchasing an additional 2,430 shares during the period. First Allied Advisory Services Inc.’s holdings in National Grid were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. BTIM Corp. grew its position in shares of National Grid by 7.5% in the fourth quarter. BTIM Corp. now owns 78,685 shares of the utilities provider’s stock valued at $3,775,000 after purchasing an additional 5,510 shares in the last quarter. Old Port Advisors grew its position in shares of National Grid by 10.6% in the first quarter. Old Port Advisors now owns 56,533 shares of the utilities provider’s stock valued at $3,157,000 after purchasing an additional 5,398 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of National Grid by 238.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,800 shares of the utilities provider’s stock valued at $4,261,000 after purchasing an additional 62,600 shares in the last quarter. Grove Bank & Trust grew its position in shares of National Grid by 4.7% in the first quarter. Grove Bank & Trust now owns 15,928 shares of the utilities provider’s stock valued at $889,000 after purchasing an additional 717 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new stake in shares of National Grid in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

NGG stock opened at $52.22 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $35.24 billion, a PE ratio of 13.29, a P/E/G ratio of 9.89 and a beta of 0.43. National Grid plc has a 1 year low of $46.36 and a 1 year high of $59.82.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered National Grid from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada upgraded National Grid from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 6th. Finally, Barclays assumed coverage on National Grid in a research report on Wednesday, January 30th. They issued an “overweight” rating for the company.

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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, 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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