Several institutional investors and hedge funds have altered their holdings in National Grid. Marcum Wealth LLC invested $209,000 in National Grid in Q3. Hexagon Capital Partners LLC increased its stake by 13.7%, owning 3,685 shares worth $257,000 after buying 445 additional shares. Atomi Financial Group Inc. invested around $393,000 in Q3. Fulton Bank N.A. raised its holdings by 6.2%, now owning 37,110 shares valued at $2,585,000 after buying 2,158 more. GAMMA Investing LLC boosted its position by 45.4%, owning 1,005 shares worth $70,000 after adding 314 shares. Overall, 4.68% of the stock is held by institutional investors and hedge funds.
Analyst Updates
Brokerages have recently provided updates on NGG. Citigroup downgraded National Grid from “buy” to “neutral” on October 3. Deutsche Bank began coverage with a “buy” rating on October 2. Currently, two analysts rate the stock as a hold, while five rate it as a buy, leading to a consensus rating of “Moderate Buy” per MarketBeat.
Read Our Latest Stock Analysis on NGG
National Grid Stock Overview
NGG opened at $67.16 on Wednesday, with a 52-week low of $55.13 and a high of $73.40. The company has a current ratio of 0.91, a quick ratio of 0.84, and a debt-to-equity ratio of 1.41. Its 50-day moving average is $67.14, while the 200-day moving average is $64.59.
About National Grid
National Grid plc is involved in electricity and gas transmission and distribution across various segments, including UK Electricity Transmission and New England.
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