Aaron Wealth Advisors LLC Buys New Position in National Grid plc (NYSE:NGG)

Aaron Wealth Advisors LLC purchased a new position in shares of National Grid plc (NYSE:NGG) during the third quarter, Holdings Channel.com reports. The fund purchased 5,361 shares of the utilities provider’s stock, valued at approximately $374,000.

Other hedge funds have also made changes to their positions in the company. RFP Financial Group LLC grew its holdings in shares of National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Headlands Technologies LLC purchased a new position in National Grid in the 1st quarter valued at approximately $27,000. Richardson Financial Services Inc. acquired a new position in shares of National Grid in the first quarter worth $28,000. Bessemer Group Inc. acquired a new position in shares of National Grid during the 1st quarter worth about $29,000. Finally, Mather Group LLC. acquired a new stake in National Grid during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Price Performance

National Grid stock opened at $68.00 on Friday. The stock has a market capitalization of $53.95 billion, a P/E ratio of 13.96, a P/E/G ratio of 4.50 and a beta of 0.61. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The firm’s 50-day moving average is $67.42 and its two-hundred day moving average is $64.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NGG shares. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Company Profile

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.