National Grid Transco, PLC $NGG Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 12.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,559 shares of the utilities provider’s stock after purchasing an additional 1,636 shares during the period. Bleakley Financial Group LLC’s holdings in National Grid Transco were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of National Grid Transco in the 1st quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of National Grid Transco in the 2nd quarter worth $31,000. V Square Quantitative Management LLC acquired a new stake in shares of National Grid Transco in the 2nd quarter worth $35,000. Capital Analysts LLC lifted its stake in shares of 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 acquiring an additional 161 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 657 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NGG. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Saturday. 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, National Grid Transco has a consensus rating of “Moderate Buy” and a consensus price target of $80.40.

National Grid Transco Stock Performance

NYSE:NGG opened at $76.93 on Friday. National Grid Transco, PLC has a twelve month low of $55.82 and a twelve month high of $77.27. The company has a market capitalization of $76.33 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.76 and a beta of 0.70. The firm has a 50-day moving average price of $72.25 and a two-hundred day moving average price of $71.78. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

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.