Hexagon Capital Partners LLC Increases Stake in National Grid plc (NYSE:NGG)

by · The Cerbat Gem

Hexagon Capital Partners LLC boosted its stake in shares of National Grid plc (NYSE:NGG – Free Report) by 13.7% during the 3rd quarter, Holdings Channel reports. The firm owned 3,685 shares of the utilities provider’s stock after acquiring an additional 445 shares during the quarter. Hexagon Capital Partners LLC’s holdings in National Grid were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Leo Wealth LLC purchased a new position in shares of National Grid during the fourth quarter worth $1,431,000. BNP Paribas Financial Markets acquired a new position in shares of National Grid in the 1st quarter valued at about $1,372,000. Capital International Investors acquired a new position in shares of National Grid in the 1st quarter valued at about $86,218,000. Atria Investments Inc grew its holdings in National Grid by 19.3% during the first quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider’s stock worth $4,183,000 after acquiring an additional 9,931 shares during the period. Finally, Gradient Investments LLC grew its holdings in National Grid by 8,101.0% during the second quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 8,182 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NGG shares. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on NGG

National Grid Price Performance

NYSE:NGG opened at $65.70 on Friday. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The company’s 50-day moving average price is $66.89 and its 200-day moving average price is $64.65. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84.

About National Grid

(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 and construction work services in England and Wales.

See Also

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