Dimensional Fund Advisors LP Grows Stake in National Grid plc (NGG)

Dimensional Fund Advisors LP grew its position in National Grid plc (NYSE:NGG) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 364,688 shares of the utilities provider’s stock after buying an additional 9,220 shares during the period. Dimensional Fund Advisors LP owned 0.05% of National Grid worth $20,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of National Grid by 3.9% during the first quarter. Northern Trust Corp now owns 587,291 shares of the utilities provider’s stock worth $33,141,000 after buying an additional 22,225 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of National Grid by 500.0% during the first quarter. JPMorgan Chase & Co. now owns 31,304 shares of the utilities provider’s stock worth $1,766,000 after buying an additional 26,087 shares in the last quarter. A.R.T. Advisors LLC grew its holdings in shares of National Grid by 349.2% during the first quarter. A.R.T. Advisors LLC now owns 57,115 shares of the utilities provider’s stock worth $3,222,000 after buying an additional 44,400 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of National Grid by 24.1% in the first quarter. United Capital Financial Advisers LLC now owns 10,417 shares of the utilities provider’s stock valued at $588,000 after purchasing an additional 2,026 shares during the period. Finally, Barclays PLC purchased a new stake in shares of National Grid in the first quarter valued at about $125,000. 5.49% of the stock is owned by institutional investors.

Shares of NGG opened at $52.51 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.18. National Grid plc has a 12-month low of $50.52 and a 12-month high of $63.31. The stock has a market capitalization of $34.81 billion, a P/E ratio of 13.43, a PEG ratio of 6.11 and a beta of 0.34.

A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Zacks Investment Research raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. National Grid presently has a consensus rating of “Hold” and a consensus price target of $65.00.

About National Grid

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 and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Institutional Ownership by Quarter for National Grid (NYSE:NGG)

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