Genesee Valley Trust Co. increased its position in shares of National Grid PLC (NYSE:NGG) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 7,337 shares of the company’s stock after buying an additional 148 shares during the period. Genesee Valley Trust Co.’s holdings in National Grid PLC were worth $545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Integrated Investment Consultants LLC boosted its position in shares of National Grid PLC by 1.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,046 shares of the company’s stock worth $152,000 after buying an additional 36 shares during the last quarter. BlackRock Inc. boosted its position in shares of National Grid PLC by 1.6% in the first quarter. BlackRock Inc. now owns 8,699 shares of the company’s stock worth $621,000 after buying an additional 141 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of National Grid PLC by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 5,187 shares of the company’s stock worth $386,000 after buying an additional 141 shares during the last quarter. Avalon Advisors LLC boosted its position in shares of National Grid PLC by 0.9% in the first quarter. Avalon Advisors LLC now owns 16,738 shares of the company’s stock worth $1,195,000 after buying an additional 153 shares during the last quarter. Finally, Creative Planning boosted its position in shares of National Grid PLC by 1.3% in the second quarter. Creative Planning now owns 13,820 shares of the company’s stock worth $1,027,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 6.11% of the company’s stock.

Shares of National Grid PLC (NYSE:NGG) traded up 0.37% during mid-day trading on Wednesday, hitting $70.57. The company had a trading volume of 758,080 shares. The company has a market capitalization of $52.88 billion, a price-to-earnings ratio of 15.44 and a beta of 0.39. The company has a 50-day moving average price of $70.81 and a 200-day moving average price of $71.52. National Grid PLC has a 1-year low of $64.76 and a 1-year high of $74.97.

A number of brokerages have issued reports on NGG. Citigroup Inc. reiterated a “neutral” rating on shares of National Grid PLC in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded National Grid PLC from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Wednesday, June 1st. Royal Bank Of Canada cut National Grid PLC from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 29th. Beaufort Securities restated a “buy” rating on shares of National Grid PLC in a research note on Sunday, August 21st. Finally, Sanford C. Bernstein cut National Grid PLC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. National Grid PLC has a consensus rating of “Hold” and an average target price of $81.50.

National Grid PLC Company Profile

National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.

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