Bay Colony Advisory Group Inc d b a Bay Colony Advisors Boosts Stock Position in National Grid plc (NYSE:NGG)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in National Grid plc (NYSE:NGG) by 50.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,484 shares of the utilities provider’s stock after buying an additional 2,504 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in National Grid were worth $445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Callan Family Office LLC purchased a new stake in shares of National Grid in the fourth quarter worth $337,000. Lindbrook Capital LLC raised its position in shares of National Grid by 33.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,575 shares of the utilities provider’s stock worth $94,000 after buying an additional 396 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of National Grid in the fourth quarter worth $67,324,000. Verdence Capital Advisors LLC raised its position in shares of National Grid by 0.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after buying an additional 196 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of National Grid in the fourth quarter worth $436,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

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

National Grid Stock Up 2.4 %

NGG opened at $60.85 on Friday. The stock has a market cap of $59.54 billion, a PE ratio of 11.70, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The business’s fifty day simple moving average is $60.39 and its 200 day simple moving average is $63.40.

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.