Private Advisor Group LLC grew its position in National Grid Transco, PLC (NYSE:NGG) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,238 shares of the utilities provider’s stock after acquiring an additional 1,172 shares during the quarter. Private Advisor Group LLC’s holdings in National Grid Transco were worth $1,643,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of National Grid Transco in the 3rd quarter worth approximately $118,000. Bronfman E.L. Rothschild L.P. lifted its holdings in National Grid Transco by 30.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 589 shares in the last quarter. Suncoast Equity Management bought a new position in National Grid Transco during the second quarter worth about $205,000. Armor Investment Advisors LLC bought a new position in National Grid Transco during the third quarter worth about $226,000. Finally, Bbva Compass Bancshares Inc. bought a new position in National Grid Transco during the third quarter worth about $253,000. Institutional investors own 5.60% of the company’s stock.
National Grid Transco, PLC (NGG) traded down $0.27 during trading hours on Thursday, hitting $59.32. The company had a trading volume of 636,500 shares, compared to its average volume of 516,174. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77. National Grid Transco, PLC has a twelve month low of $58.42 and a twelve month high of $75.24.
Several research analysts have weighed in on NGG shares. Zacks Investment Research upgraded National Grid Transco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. J P Morgan Chase & Co reiterated a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. Credit Suisse Group upgraded National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. ValuEngine upgraded National Grid Transco from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Deutsche Bank upgraded National Grid Transco from a “sell” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $69.00.
National Grid Transco Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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