Verdence Capital Advisors LLC Boosts Stock Position in National Grid Transco, PLC $NGG

Verdence Capital Advisors LLC raised its stake in National Grid Transco, PLC (NYSE:NGG) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,535 shares of the utilities provider’s stock after purchasing an additional 340 shares during the period. Verdence Capital Advisors LLC’s holdings in National Grid Transco were worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of National Grid Transco during the first quarter worth about $28,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of National Grid Transco by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider’s stock worth $907,000 after acquiring an additional 500 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in shares of National Grid Transco during the first quarter worth about $308,000. Kingswood Wealth Advisors LLC grew its stake in shares of National Grid Transco by 25.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of National Grid Transco by 97.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,481 shares of the utilities provider’s stock worth $624,000 after acquiring an additional 4,675 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Down 1.6%

National Grid Transco stock 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. National Grid Transco, PLC has a 52 week low of $55.82 and a 52 week high of $74.82. The company has a market capitalization of $72.73 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70. The stock has a 50-day moving average price of $71.39 and a 200 day moving average price of $71.13.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research lowered 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 note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.