National Grid Transco, PLC $NGG Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its stake in National Grid Transco, PLC (NYSE:NGG) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,535 shares of the utilities provider’s stock after acquiring an additional 340 shares during the quarter. Verdence Capital Advisors LLC’s holdings in National Grid Transco were worth $1,974,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in National Grid Transco in the first quarter valued at approximately $28,000. Trust Co. of Toledo NA OH acquired a new position in National Grid Transco in the second quarter valued at approximately $31,000. V Square Quantitative Management LLC acquired a new position in National Grid Transco in the second quarter valued at approximately $35,000. Capital Analysts LLC lifted its holdings in National Grid Transco by 33.6% in the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 161 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in National Grid Transco by 197.3% in the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 582 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Stock Down 1.6%

Shares of NYSE:NGG opened at $73.30 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The business has a fifty day moving average of $71.39 and a two-hundred day moving average of $71.13. The stock has a market cap of $72.73 billion, a P/E ratio of 14.10, a PEG ratio of 1.69 and a beta of 0.70. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $74.82.

Analyst Ratings Changes

A number of analysts have recently commented on NGG shares. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Wednesday, October 8th. Zacks Research cut National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, National Grid Transco presently has a consensus rating of “Moderate Buy” and an average price target of $80.40.

National Grid Transco Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.