Cwm LLC Buys 11,837 Shares of National Grid Transco, PLC $NGG

Key Points

• Cwm LLC increased its stake in National Grid Transco, PLC by 265.8%, acquiring an additional 11,837 shares during the second quarter.
• Analysts have mixed ratings on National Grid Transco, with a consensus rating of "Moderate Buy" and a price target of $80.40.
• The stock has experienced significant price movement, reaching a 12-month low of $55.82 and a high of $77.01.

Cwm LLC increased its position in National Grid Transco, PLC (NYSE:NGG - Free Report) by 265.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,290 shares of the utilities provider's stock after buying an additional 11,837 shares during the period. Cwm LLC's holdings in National Grid Transco were worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco in the 1st quarter valued at about $28,000. Cambridge Investment Research Advisors Inc. raised its stake in National Grid Transco by 3.8% in 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 in the last quarter. Integrity Alliance LLC. purchased a new position in National Grid Transco in the first quarter valued at about $308,000. Allspring Global Investments Holdings LLC boosted its stake in National Grid Transco by 97.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,481 shares of the utilities provider's stock valued at $624,000 after acquiring an additional 4,675 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in National Grid Transco by 52.4% during the 1st quarter. GAMMA Investing LLC now owns 1,873 shares of the utilities provider's stock valued at $123,000 after buying an additional 644 shares in the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Price Performance

NGG stock opened at $76.63 on Tuesday. The business's fifty day moving average price is $71.79 and its 200 day moving average price is $71.45. National Grid Transco, PLC has a 12-month low of $55.82 and a 12-month high of $77.01. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $76.04 billion, a PE ratio of 14.74, a P/E/G ratio of 1.74 and a beta of 0.70.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Zacks Research downgraded National Grid Transco from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of National Grid Transco in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.40.

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.

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