Aberdeen Group plc Has $495,000 Stock Holdings in National Grid Transco, PLC $NGG

Key Points

• Aberdeen Group plc reduced its holdings in National Grid Transco, PLC by 32.6%, now owning 7,548 shares worth $495,000 after selling 3,652 shares in the first quarter.
• Institutional investors and hedge funds currently own 4.68% of National Grid Transco stock, with many adjusting their stakes in the first quarter.
• National Grid Transco shares have a market cap of $70.84 billion, with a price target consensus of $80.40 and a current consensus rating of "Moderate Buy."

Aberdeen Group plc lessened its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 32.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,548 shares of the utilities provider's stock after selling 3,652 shares during the quarter. Aberdeen Group plc's holdings in National Grid Transco were worth $495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in National Grid Transco in the first quarter valued at about $28,000. SJS Investment Consulting Inc. bought a new stake in National Grid Transco in the first quarter valued at about $29,000. Sound Income Strategies LLC increased its holdings in National Grid Transco by 197.3% in the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider's stock valued at $58,000 after purchasing an additional 582 shares during the last quarter. Bessemer Group Inc. increased its holdings in National Grid Transco by 216.8% in the first quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 657 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in National Grid Transco in the first quarter valued at about $71,000. Institutional investors own 4.68% of the company's stock.

National Grid Transco Stock Up 0.9%

Shares of NYSE:NGG traded up $0.66 during mid-day trading on Wednesday, reaching $71.70. 356,346 shares of the stock were exchanged, compared to its average volume of 869,686. 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 company has a market cap of $71.14 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.59 and a beta of 0.63. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $74.82. The stock's 50 day simple moving average is $71.65 and its 200-day simple moving average is $68.90.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BNP Paribas Exane started coverage on National Grid Transco in a report on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective for the company. Barclays restated an "overweight" rating on shares of National Grid Transco in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of National Grid Transco in a report on Wednesday, May 21st. Royal Bank Of Canada downgraded National Grid Transco from an "outperform" rating to a "sector perform" rating in a report on Wednesday, May 28th. Finally, BNP Paribas upgraded National Grid Transco from an "outperform" rating to a "strong-buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $80.40.

About National Grid Transco

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.