Here’s What Makes National Grid (NGG) A Great Investment Choice

ClearBridge Investments, an investment management firm, published its “Global Infrastructure Income Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. On an absolute basis, the Strategy delivered gains across nine of the 10 sectors in which it was invested (out of 11 total) in the fourth quarter, with the electric, renewables, and gas sectors the leading contributors and the energy infrastructure sector the sole detractor. On a relative basis, measured against the S&P Global Infrastructure Index, the ClearBridge Global Infrastructure Income Strategy outperformed during the fourth quarter. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments SMID Cap Growth Strategy, in its Q4 2021 investor letter, mentioned National Grid plc (NYSE:NGG) and discussed its stance on the firm. Founded in 1990, National Grid plc (NYSE:NGG) is a London, United Kingdom-based utilities company with a $55.05 billion market capitalization and is currently spearheaded by its CEO, John Pettigrew. National Grid plc (NYSE:NGG) delivered a 4.42% return since the beginning of the year, while its 12-month returns are up by 27.98%. The stock closed at $75.52 per share on March 29, 2022.

Here is what ClearBridge Investments SMID Cap Growth Strategy has to say about National Grid plc (NYSE:NGG) in its Q4 2021 investor letter:

“National Grid is one of the world’s largest publicly owned utilities, focused on transmission and distribution activities in electricity and gas. National Grid performed strongly during the quarter as the business continued to de-risk following prior regulatory decisions and significant M&A. The company also benefited from falling real rates, a solid set of half-year results and strong Investor Day presentations.”

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Our calculations show that National Grid plc (NYSE:NGG) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. National Grid plc (NYSE:NGG) was in 7 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 5 funds in the previous quarter. National Grid plc (NYSE:NGG) delivered a 3.94% return in the past 3 months.

In December 2021, we also shared ClearBridge Investments’ second quarter 2021 views on National Grid plc (NYSE:NGG) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.