Charles Schwab Investment Management Inc. Has $5.75 Million Stake in National Grid Transco, PLC $NGG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in National Grid Transco by 34.8%, owning 87,609 shares valued at approximately $5.75 million.
• A variety of institutional investors also made moves regarding National Grid Transco shares, with some reporting significant increases in their stakes during the first quarter.
• Research analysts have given mixed ratings on National Grid Transco, with one upgrading it to a strong-buy rating, while others have downgraded their recommendations.

Charles Schwab Investment Management Inc. raised its position in National Grid Transco, PLC (NYSE:NGG - Free Report) by 34.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,609 shares of the utilities provider's stock after purchasing an additional 22,596 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in National Grid Transco were worth $5,748,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of National Grid Transco in the first quarter valued at about $28,000. SJS Investment Consulting Inc. bought a new stake in shares of National Grid Transco in the 1st quarter worth approximately $29,000. Sound Income Strategies LLC lifted its holdings in shares of National Grid Transco by 197.3% in the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider's stock worth $58,000 after purchasing an additional 582 shares during the last quarter. Bessemer Group Inc. lifted its holdings 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 purchasing an additional 657 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in National Grid Transco during the 1st quarter valued at $71,000. Institutional investors and hedge funds own 4.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NGG shares. BNP Paribas Exane started coverage on National Grid Transco in a research note on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective on the stock. BNP Paribas raised National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Wall Street Zen lowered National Grid Transco from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Citigroup reaffirmed a "neutral" rating on shares of National Grid Transco in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada downgraded National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. One equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.40.

National Grid Transco Price Performance

Shares of NYSE:NGG traded down $0.24 during midday trading on Monday, reaching $70.61. The company's stock had a trading volume of 323,364 shares, compared to its average volume of 519,612. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The company has a market capitalization of $70.07 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.60 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The business's fifty day simple moving average is $71.66 and its 200-day simple moving average is $69.16.

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.