Simon Quick Advisors LLC Purchases New Shares in National Grid Transco, PLC $NGG

Simon Quick Advisors LLC purchased a new stake in shares of National Grid Transco, PLC (NYSE:NGG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,708 shares of the utilities provider’s stock, valued at approximately $276,000.

A number of other large investors also recently made changes to their positions in NGG. Cambridge Investment Research Advisors Inc. lifted its position 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 valued at $907,000 after purchasing an additional 500 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 valued at $624,000 after purchasing an additional 4,675 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco during the first quarter valued at about $28,000. Private Trust Co. NA raised its position in National Grid Transco by 36.7% in the first quarter. Private Trust Co. NA now owns 2,444 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 656 shares during the period. Finally, First Horizon Advisors Inc. raised its position in National Grid Transco by 13.9% in the first quarter. First Horizon Advisors Inc. now owns 1,227 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 150 shares during the period. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NGG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Wednesday, October 8th. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.40.

National Grid Transco Stock Performance

Shares of NYSE:NGG opened at $74.73 on Tuesday. The company has a 50 day moving average of $72.81 and a 200 day moving average of $72.13. National Grid Transco, PLC has a 12 month low of $55.82 and a 12 month high of $77.35. 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 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.