Blue Trust Inc. Has $618,000 Stake in National Grid Transco, PLC $NGG

Key Points

• Blue Trust Inc. has increased its stake in National Grid Transco, PLC by 155.6%, owning 8,305 shares valued at $618,000, as per the latest SEC disclosure.
• Several other institutional investors, such as Golden State Wealth Management LLC and Allspring Global Investments Holdings LLC, have also acquired new positions or increased their holdings in National Grid Transco during the first quarter.
• Brokerage firms have given mixed ratings for National Grid Transco, with an average rating of "Moderate Buy" and a consensus target price of $80.40.

Blue Trust Inc. increased its position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 155.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,305 shares of the utilities provider's stock after buying an additional 5,056 shares during the period. Blue Trust Inc.'s holdings in National Grid Transco were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in National Grid Transco during the first quarter worth $28,000. Cambridge Investment Research Advisors Inc. increased its holdings in 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 buying an additional 500 shares during the last quarter. Integrity Alliance LLC. acquired a new position in National Grid Transco during the first quarter worth $308,000. Kingswood Wealth Advisors LLC increased its holdings in 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 buying an additional 1,231 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 buying an additional 4,675 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NGG. Weiss Ratings restated a "hold (c)" rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research downgraded shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $80.40.

National Grid Transco Trading Up 1.6%

Shares of National Grid Transco stock opened at $74.49 on Monday. The firm has a 50-day moving average of $71.38 and a 200-day moving average of $71.08. The stock has a market cap of $73.91 billion, a PE ratio of 14.33, a PEG ratio of 1.69 and a beta of 0.70. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $74.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35.

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.

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