Yelin Lapidot Holdings Management Ltd. Purchases Shares of 3,794 National Grid plc (NYSE:NGG)

Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of National Grid plc (NYSE:NGG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,794 shares of the utilities provider’s stock, valued at approximately $225,000.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of National Grid by 64.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,460 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 1,748 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of National Grid in the third quarter worth approximately $12,222,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of National Grid by 36.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the utilities provider’s stock worth $826,000 after acquiring an additional 3,188 shares during the last quarter. Fortitude Family Office LLC purchased a new position in National Grid during the 3rd quarter valued at $37,000. Finally, First Trust Direct Indexing L.P. grew its position in National Grid by 7.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 17,288 shares of the utilities provider’s stock valued at $1,204,000 after acquiring an additional 1,259 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NGG has been the subject of a number of recent analyst reports. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

National Grid Price Performance

Shares of National Grid stock opened at $61.50 on Friday. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm’s 50-day moving average is $60.12 and its two-hundred day moving average is $63.54.

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.