American Century Companies Inc. Boosts Holdings in National Grid Transco, PLC $NGG

Key Points

• American Century Companies Inc. increased its stake in National Grid Transco by 5.0%, acquiring an additional 8,117 shares and bringing its total holdings to 171,919 shares worth approximately $11.28 million.
• Multiple hedge funds have recently altered their stakes in National Grid, with significant increases from firms like Sound Income Strategies LLC and Bessemer Group Inc., which raised their holdings by 197.3% and 216.8%, respectively.
• Analyst ratings for National Grid Transco show a mixed outlook, with one Strong Buy rating, four Buy ratings, and three Hold ratings, resulting in a consensus rating of "Moderate Buy" and an average target price of $80.40.

American Century Companies Inc. lifted its position in National Grid Transco, PLC (NYSE:NGG - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 171,919 shares of the utilities provider's stock after purchasing an additional 8,117 shares during the period. American Century Companies Inc.'s holdings in National Grid Transco were worth $11,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. grew its holdings in shares of National Grid Transco by 49.8% in the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider's stock worth $205,592,000 after purchasing an additional 1,041,918 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings 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 during the last quarter. Merewether Investment Management LP grew its holdings in shares of National Grid Transco by 10.3% in the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock worth $62,597,000 after purchasing an additional 98,461 shares during the last quarter. LPL Financial LLC lifted its stake in National Grid Transco by 13.1% in the first quarter. LPL Financial LLC now owns 883,960 shares of the utilities provider's stock worth $57,997,000 after acquiring an additional 102,388 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in National Grid Transco by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 706,290 shares of the utilities provider's stock worth $41,968,000 after acquiring an additional 12,228 shares during the period. Institutional investors own 4.68% of the company's stock.

National Grid Transco Stock Down 0.3%

Shares of NGG traded down $0.24 during trading hours on Friday, hitting $70.61. The company had a trading volume of 323,364 shares, compared to its average volume of 548,190. The firm has a fifty day moving average price of $71.66 and a 200-day moving average price of $69.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The stock has a market capitalization of $70.07 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.60 and a beta of 0.63. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $74.82.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of National Grid Transco in a research note on Wednesday, May 21st. Royal Bank Of Canada lowered National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. BNP Paribas raised National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Barclays reissued an "overweight" rating on shares of National Grid Transco in a research report on Friday, May 16th. Finally, Citigroup reissued a "neutral" rating on shares of National Grid Transco in a research report on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, National Grid Transco presently has a consensus rating of "Moderate Buy" and a consensus target price 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.