Bedel Financial Consulting Inc. purchased a new stake in shares of National Grid plc (NYSE:NGG) during the fourth quarter, HoldingsChannel reports. The fund purchased 5,041 shares of the utilities provider’s stock, valued at approximately $296,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of NGG. Capital International Investors raised its holdings in shares of National Grid by 302.5% during the third quarter. Capital International Investors now owns 2,693,566 shares of the utilities provider’s stock valued at $168,914,000 after purchasing an additional 2,024,400 shares during the period. Mondrian Investment Partners LTD acquired a new position in shares of National Grid during the third quarter valued at about $30,019,000. Wells Fargo & Company MN raised its holdings in shares of National Grid by 11.3% during the third quarter. Wells Fargo & Company MN now owns 1,871,386 shares of the utilities provider’s stock valued at $117,355,000 after purchasing an additional 189,757 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of National Grid during the third quarter valued at about $11,052,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of National Grid during the second quarter valued at about $4,539,000. 5.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of National Grid plc (NGG) opened at $52.60 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. National Grid plc has a fifty-two week low of $51.51 and a fifty-two week high of $75.24. The firm has a market cap of $35,090.00, a PE ratio of 15.99, a P/E/G ratio of 3.61 and a beta of 0.45.
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National Grid Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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