Avantax Advisory Services Inc. Acquires 772 Shares of National Grid plc (NYSE:NGG)

Avantax Advisory Services Inc. lifted its holdings in National Grid plc (NYSE:NGG) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,646 shares of the utilities provider’s stock after buying an additional 772 shares during the period. Avantax Advisory Services Inc.’s holdings in National Grid were worth $5,980,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NGG. Whipplewood Advisors LLC bought a new stake in shares of National Grid in the 4th quarter worth about $25,000. Larson Financial Group LLC increased its holdings in shares of National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after buying an additional 415 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after buying an additional 192 shares during the last quarter. Eastern Bank grew its holdings in National Grid by 52.7% during the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 320 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in National Grid during the 3rd quarter valued at about $60,000. 4.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on NGG shares. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Grid presently has an average rating of “Moderate Buy”.

National Grid Price Performance

National Grid stock opened at $63.25 on Friday. The stock has a market cap of $61.89 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The firm has a 50-day moving average of $60.70 and a two-hundred day moving average of $63.29.

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.