National Grid plc (ADR) (NGG) Not Powering the Portfolios of Many Top Investors

As industrywide interest jumped, key money managers were leading the bulls’ herd. Adage Capital Management initiated the most valuable position in National Grid plc (ADR) (NYSE:NGG). Citadel Investment Group also made a $0.3 million investment in the stock during the quarter.

Let’s also examine hedge fund activity in other stocks similar to National Grid plc (ADR) (NYSE:NGG). These stocks are Sumitomo Mitsui Financial Grp, Inc. (ADR) (NYSE:SMFG), Texas Instruments Incorporated (NASDAQ:TXN), BHP Billiton Limited (ADR) (NYSE:BHP), and Time Warner Cable Inc (NYSE:TWC). All of these stocks’ market caps are similar to NGG’s market cap.

As you can see these stocks had an average of 44 hedge funds with bullish positions and the average amount invested in these stocks was $4.26 billion. That figure was $166 million in NGG’s case. Time Warner Cable Inc (NYSE:TWC) is the most popular stock in this table. On the other hand Sumitomo Mitsui Financial Grp, Inc. (ADR) (NYSE:SMFG) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks National Grid plc (ADR) (NYSE:NGG) is even less popular than SMFG. Considering that hedge funds aren’t at all fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.