Aquatic Capital Management LLC Increases Position in National Grid plc (NYSE:NGG)

Aquatic Capital Management LLC increased its position in shares of National Grid plc (NYSE:NGG) by 165.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,277 shares of the utilities provider’s stock after buying an additional 19,477 shares during the quarter. Aquatic Capital Management LLC’s holdings in National Grid were worth $1,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. raised its position in National Grid by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 868 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in National Grid in the fourth quarter valued at $239,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of National Grid in the 4th quarter valued at $411,000. JCIC Asset Management Inc. purchased a new stake in shares of National Grid in the 4th quarter valued at $1,854,000. Finally, Burney Co. purchased a new stake in shares of National Grid in the 4th quarter valued at $604,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

NGG has been the topic of several research analyst reports. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Finally, StockNews.com cut National Grid from a “hold” rating to a “sell” rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

National Grid Trading Up 1.1 %

NYSE:NGG opened at $72.85 on Tuesday. The stock has a 50-day simple moving average of $65.37 and a 200-day simple moving average of $63.03. The stock has a market cap of $71.28 billion, a P/E ratio of 14.01, a P/E/G ratio of 5.64 and a beta of 0.58. National Grid plc has a 1 year low of $54.24 and a 1 year high of $74.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

About National Grid

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.