Dimensional Fund Advisors LP boosted its stake in shares of National Grid plc (NYSE:NGG) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 364,688 shares of the utilities provider’s stock after buying an additional 9,220 shares during the quarter. Dimensional Fund Advisors LP’s holdings in National Grid were worth $20,368,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cambridge Trust Co. lifted its position in shares of National Grid by 1.5% during the second quarter. Cambridge Trust Co. now owns 75,907 shares of the utilities provider’s stock worth $4,240,000 after purchasing an additional 1,141 shares in the last quarter. KCS Wealth Advisory lifted its position in shares of National Grid by 11.3% during the second quarter. KCS Wealth Advisory now owns 11,256 shares of the utilities provider’s stock worth $629,000 after purchasing an additional 1,143 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in shares of National Grid by 11.5% during the second quarter. Burns J W & Co. Inc. NY now owns 12,028 shares of the utilities provider’s stock worth $672,000 after purchasing an additional 1,237 shares in the last quarter. Financial Architects Inc lifted its position in shares of National Grid by 16.1% during the second quarter. Financial Architects Inc now owns 10,122 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of National Grid by 34.4% during the second quarter. Ballentine Partners LLC now owns 6,146 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 1,573 shares in the last quarter. 5.49% of the stock is owned by institutional investors.

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

Shares of NGG opened at $52.51 on Friday. The stock has a market cap of $34.81 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 6.11 and a beta of 0.34. National Grid plc has a 1 year low of $50.52 and a 1 year high of $63.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.73 and a current ratio of 0.77.

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.

Recommended Story: What Factors Can Affect Return on Equity?

Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG).

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

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.