RNC Capital Management LLC boosted its holdings in National Grid plc (NYSE:NGG – Get Rating) by 61.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,068 shares of the utilities provider’s stock after purchasing an additional 3,453 shares during the quarter. RNC Capital Management LLC’s holdings in National Grid were worth $656,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE grew its position in National Grid by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 3,005,423 shares of the utilities provider’s stock valued at $192,166,000 after purchasing an additional 52,351 shares during the period. Royal Bank of Canada grew its position in National Grid by 2.2% in the 3rd quarter. Royal Bank of Canada now owns 1,296,582 shares of the utilities provider’s stock valued at $77,315,000 after purchasing an additional 28,216 shares during the period. Goldman Sachs Group Inc. grew its position in National Grid by 16.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 1,126,102 shares of the utilities provider’s stock valued at $67,149,000 after purchasing an additional 155,196 shares during the period. Morgan Stanley grew its position in National Grid by 11.3% in the 3rd quarter. Morgan Stanley now owns 671,354 shares of the utilities provider’s stock valued at $40,033,000 after purchasing an additional 68,087 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in National Grid by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 562,870 shares of the utilities provider’s stock worth $33,564,000 after acquiring an additional 12,600 shares during the last quarter. 3.49% of the stock is owned by institutional investors and hedge funds.
NGG stock traded down $0.89 during mid-day trading on Tuesday, reaching $76.26. 12,474 shares of the company traded hands, compared to its average volume of 405,296. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 1.61. National Grid plc has a 52-week low of $59.53 and a 52-week high of $80.20. The company has a fifty day moving average price of $75.16 and a 200-day moving average price of $70.63.
National Grid Profile (Get Rating)
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures (NGV) and Other segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,236 kilometers of overhead lines.
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