Global Retirement Partners LLC Grows Stake in National Grid plc (NGG)

Global Retirement Partners LLC grew its position in National Grid plc (NYSE:NGG) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,565 shares of the utilities provider’s stock after acquiring an additional 186 shares during the quarter. Global Retirement Partners LLC’s holdings in National Grid were worth $87,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in National Grid by 2.1% during the first quarter. Raymond James & Associates now owns 1,791,009 shares of the utilities provider’s stock worth $100,010,000 after buying an additional 37,442 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in National Grid by 14.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,444 shares of the utilities provider’s stock worth $1,198,000 after buying an additional 2,669 shares in the last quarter. Heritage Wealth Advisors purchased a new position in National Grid during the first quarter worth approximately $41,000. CIBC Asset Management Inc lifted its position in National Grid by 245.5% during the first quarter. CIBC Asset Management Inc now owns 137,783 shares of the utilities provider’s stock worth $7,692,000 after buying an additional 97,903 shares in the last quarter. Finally, Outlook Wealth Advisors LLC lifted its position in National Grid by 406.2% during the first quarter. Outlook Wealth Advisors LLC now owns 8,621 shares of the utilities provider’s stock worth $481,000 after buying an additional 6,918 shares in the last quarter. 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 firm has a market cap of $35.49 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 9.96 and a beta of 0.43. National Grid plc has a 52-week low of $46.36 and a 52-week high of $59.82.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded National Grid from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada raised National Grid from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 6th. Finally, Barclays started coverage on National Grid in a research note on Wednesday, January 30th. They set an “overweight” rating for the company.

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About National Grid

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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