Renaissance Technologies LLC Has $174.14 Million Stock Position in National Grid plc (NYSE:NGG)

Renaissance Technologies LLC lessened its position in shares of National Grid plc (NYSE:NGG) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,065,885 shares of the utilities provider’s stock after selling 194,900 shares during the period. Renaissance Technologies LLC’s holdings in National Grid were worth $174,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. RFP Financial Group LLC boosted its position in 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 buying an additional 200 shares in the last quarter. Headlands Technologies LLC acquired a new position in National Grid during the 1st quarter worth approximately $27,000. Richardson Financial Services Inc. bought a new stake in shares of National Grid during the first quarter worth about $28,000. Creekmur Asset Management LLC bought a new stake in National Grid during the fourth quarter worth $29,000. Finally, Bessemer Group Inc. purchased a new stake in shares of National Grid in the first quarter valued at about $29,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NGG shares. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. The Goldman Sachs Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

National Grid Trading Up 0.5 %

NGG opened at $69.60 on Monday. The business has a 50 day moving average of $64.52 and a 200-day moving average of $64.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.

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.