Naviter Wealth LLC Purchases 1,286 Shares of National Grid Transco, PLC $NGG

Naviter Wealth LLC boosted its holdings in National Grid Transco, PLC (NYSE:NGG) by 6.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,373 shares of the utilities provider’s stock after purchasing an additional 1,286 shares during the quarter. Naviter Wealth LLC’s holdings in National Grid Transco were worth $1,708,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of National Grid Transco by 1.9% in the first quarter. Rhumbline Advisers now owns 17,184 shares of the utilities provider’s stock worth $1,127,000 after acquiring an additional 328 shares during the period. Farther Finance Advisors LLC boosted its stake in National Grid Transco by 60.4% in the 1st quarter. Farther Finance Advisors LLC now owns 2,545 shares of the utilities provider’s stock worth $167,000 after purchasing an additional 958 shares during the period. GAMMA Investing LLC boosted its stake in National Grid Transco by 52.4% in the 1st quarter. GAMMA Investing LLC now owns 1,873 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 644 shares during the period. Fifth Third Bancorp grew its holdings in National Grid Transco by 8.6% during the 1st quarter. Fifth Third Bancorp now owns 4,932 shares of the utilities provider’s stock valued at $324,000 after buying an additional 390 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of National Grid Transco by 9.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,418 shares of the utilities provider’s stock worth $1,865,000 after buying an additional 2,393 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco Price Performance

National Grid Transco stock opened at $73.30 on Tuesday. The company has a market cap of $72.73 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.69 and a beta of 0.70. The firm’s fifty day moving average is $71.39 and its 200 day moving average is $71.13. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $74.82.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, National Grid Transco presently has a consensus rating of “Moderate Buy” and a consensus 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.