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.
ILLEGAL ACTIVITY WARNING: This story was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/19/global-retirement-partners-llc-grows-stake-in-national-grid-plc-ngg.html.
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.
Read More: Producer Price Index (PPI)
Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG).
Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.