JPMorgan Securities LLC has recently announced that it has increased stake in National Grid plc (NYSE:NGG) by 4.78%. After grabbing 1.18 million shares, the institutional investor is now in possession of 53769.0 shares of the Utilities Company. The new investment brought the stake of investor firm to 0.16% having worth around $64.36 million. Moreover, Parametric Portfolio Associates L increased its share by 9592.0 to have a control over 1.09 million shares. And Federated Investment Management C raised its holdings to 33425.0 shares by acquiring 0.87 million shares or 0.12% of the stake.
National Grid plc (NGG) concluded trading on 11/23/22 at a closing price of $61.48, with 0.47 million shares of worth about $28.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.97% during that period and on Wednesday the price saw a gain of about 0.34%. Currently the company’s common shares owned by public are about 730.20M shares, out of which, 694.07M shares are available for trading.
Invesco International Dividend Ac, BMO Global Infrastructure Index E, and DFA International Core Equity Por are the top 3 mutual funds which are holding stakes in National Grid plc Invesco International Dividend Ac is currently holding 0.47 million shares of worth totaling $25.45 million. The company recently came buying 0.0 shares which brought its stake up to 0.06% of the company’s outstanding shares. BMO Global Infrastructure Index E bought 732.0 shares, after which its hold over company’s outstanding shares expand to 0.05%, leaving 0.38 million shares with the mutual fund that have a worth of about $20.86 million. DFA International Core Equity Por, after buying 0.27 million shares, have now control over 0.04% of the stake in the company. It holds 0.0 shares of worth $14.78 million.
However, the stock later moved at a day high price of 61.53, or with a gain of 0.34%. Stock saw a price change of 2.42% in past 5 days and over the past one month there was a price change of 14.49%. Year-to-date (YTD), NGG shares are showing a performance of -14.99% which decreased to -7.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.22 but also hit the highest price of $80.20 during that period. The average intraday trading volume for National Grid plc shares is 562.35K. The stock is currently trading 7.54% above its 20-day simple moving average (SMA20), while that difference is up 12.07% for SMA50 and it goes to -8.44% lower than SMA200.
JPMorgan Securities LLC acquired 1.18 million shares of National Grid plc having value of about $64.36 million. Data submitted at the U.S SEC by JPMorgan Securities LLC revealed that the firm now holds 53769.0 shares in the company valued at close to $3305718.12, or have control over 4.78% stake in the company. National Grid plc (NYSE: NGG) currently have 730.20M outstanding shares and institutions hold larger chunk of about 3.80% of that. Holding of mutual funds in the company is about 0.43% while other institutional holders and individual stake holders have control over 3.33% and — of the stake respectively.
The stock has a current market capitalization of $44.60B and its 3Y-monthly beta is at 0.59. PE ratio of stock for trailing 12 months is 12.93, while it has posted earnings per share of $4.75 in the same period. Its PEG reads 1.72 and has Quick Ratio of 0.70 while making debt-to-equity ratio of 1.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NGG, volatility over the week remained 1.06% while standing at 1.54% over the month.
Analysts are in expectations that National Grid plc (NGG) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 63.90%. EPS is likely to grow at an annualized rate of 7.50% for next 5-years, compared to annual growth of 2.90% made by the stock over the past 5-years.
Stock get a Hold rating from Deutsche Bank on April 25, 2022.