Profund Advisors Llc owns $398,000 in National Grid plc (NYSE:NGG)

Profund Advisors LLC boosted its position in shares of National Grid plc (NYSE:NGG – Free Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,003 shares of the utilities provider’s stock after acquiring an additional 203 shares during the quarter. Profund Advisors LLC’s holdings in National Grid were worth $398,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NGG. RFP Financial Group LLC boosted its holdings in shares of National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 200 shares during the period. Headlands Technologies LLC bought a new stake in National Grid in the 1st quarter worth $27,000. Richardson Financial Services Inc. acquired a new stake in shares of National Grid in the 1st quarter valued at $28,000. Creekmur Asset Management LLC bought a new position in shares of National Grid in the 4th quarter valued at $29,000. Finally, Bessemer Group Inc. purchased a new position in shares of National Grid in the first quarter worth $29,000. 4.68% of the shares are currently owned by institutional investors and hedge funds.

Changes in Analyst Ratings

Several analysts recently weighed in on the company. Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

See the latest research report on National Grid

National grid stock performance

Shares of NGG stock opened at $70.06 on Friday. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The stock’s fifty-day simple moving average is $65.89, and its 200-day simple moving average is $64.64. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84, and a current ratio of 0.91.

National Grid Company Profile

(Free Report)

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 services and construction works in England and Wales.

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