Hilltop National Bank Makes New Investment in National Grid Transco, PLC $NGG

Hilltop National Bank purchased a new stake in National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,252 shares of the utilities provider’s stock, valued at approximately $168,000.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. increased its stake in shares of National Grid Transco by 49.8% in the 1st quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock valued at $205,592,000 after acquiring an additional 1,041,918 shares in the last quarter. Nuveen LLC acquired a new stake in National Grid Transco in the first quarter worth $32,015,000. Raymond James Financial Inc. increased its stake in National Grid Transco by 22.7% in the first quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock valued at $91,176,000 after purchasing an additional 256,645 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of National Grid Transco by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock valued at $90,044,000 after purchasing an additional 228,179 shares during the period. Finally, Clark Capital Management Group Inc. raised its holdings in shares of National Grid Transco by 25.9% during the first quarter. Clark Capital Management Group Inc. now owns 895,628 shares of the utilities provider’s stock valued at $58,762,000 after purchasing an additional 184,006 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on NGG shares. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, National Grid Transco has a consensus rating of “Moderate Buy” and a consensus target price of $80.40.

National Grid Transco Price Performance

Shares of NYSE NGG opened at $73.40 on Friday. The stock has a market cap of $72.83 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.66 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The firm’s 50-day simple moving average is $71.05 and its 200 day simple moving average is $70.67.

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.