C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $201,000 Position in National Grid plc (NYSE:NGG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in National Grid plc (NYSE:NGG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,375 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other institutional investors also recently made changes to their positions in NGG. Fortitude Family Office LLC purchased a new stake in shares of National Grid in the 3rd quarter valued at $37,000. Eastern Bank purchased a new stake in shares of National Grid in the 3rd quarter valued at $42,000. Quantbot Technologies LP purchased a new stake in shares of National Grid in the 3rd quarter valued at $60,000. Addison Advisors LLC boosted its stake in shares of National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NGG shares. StockNews.com cut shares of National Grid from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

National Grid Trading Down 0.1 %

Shares of NGG opened at $61.00 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The firm has a fifty day simple moving average of $59.78 and a two-hundred day simple moving average of $63.56. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40.

National Grid 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.