AdvisorNet Financial Inc Sells 142 Shares of National Grid Transco, PLC $NGG

AdvisorNet Financial Inc lowered its position in National Grid Transco, PLC (NYSE:NGG) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,447 shares of the utilities provider’s stock after selling 142 shares during the period. AdvisorNet Financial Inc’s holdings in National Grid Transco were worth $108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco in the first quarter worth about $28,000. SJS Investment Consulting Inc. purchased a new position in National Grid Transco in the 1st quarter worth approximately $29,000. Capital Analysts LLC boosted its stake in National Grid Transco by 33.6% in the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 161 shares during the period. Sound Income Strategies LLC grew its holdings in National Grid Transco by 197.3% during the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after buying an additional 582 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of National Grid Transco by 216.8% during the first quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock valued at $62,000 after buying an additional 657 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NGG. BNP Paribas raised shares of National Grid Transco from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 29th. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, BNP Paribas Exane began coverage on National Grid Transco in a report on Thursday, May 29th. They issued an “outperform” rating and a $80.40 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.40.

National Grid Transco Stock Down 0.9%

Shares of NYSE NGG opened at $70.51 on Friday. The stock has a market capitalization of $69.96 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.61 and a beta of 0.68. National Grid Transco, PLC has a 12-month low of $55.82 and a 12-month high of $74.82. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $71.06 and its 200-day moving average price is $70.24.

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.