Signaturefd LLC Raises Position in National Grid Transco, PLC $NGG

Signaturefd LLC lifted its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,248 shares of the utilities provider’s stock after purchasing an additional 2,121 shares during the period. Signaturefd LLC’s holdings in National Grid Transco were worth $1,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NGG. Federated Hermes Inc. lifted its position in shares of National Grid Transco by 49.8% during the 1st quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock valued at $205,592,000 after buying an additional 1,041,918 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in National Grid Transco by 4.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock valued at $132,064,000 after acquiring an additional 94,839 shares during the period. Royal Bank of Canada raised its stake in National Grid Transco by 7.9% in the 1st quarter. Royal Bank of Canada now owns 1,880,406 shares of the utilities provider’s stock valued at $123,375,000 after acquiring an additional 137,541 shares during the period. Raymond James Financial Inc. raised its stake in National Grid Transco by 22.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock valued at $91,176,000 after acquiring an additional 256,645 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of National Grid Transco by 19.9% in the first quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock worth $90,044,000 after purchasing an additional 228,179 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Up 1.6%

NGG stock opened at $71.63 on Monday. 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 firm has a market capitalization of $71.07 billion, a PE ratio of 13.78, a PEG ratio of 1.62 and a beta of 0.68. National Grid Transco, PLC has a twelve month low of $55.82 and a twelve month high of $74.82. The stock has a 50-day simple moving average of $71.07 and a two-hundred day simple moving average of $70.41.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.40.

National Grid Transco Company 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.