First Pacific Financial Acquires 11,661 Shares of National Grid Transco, PLC $NGG

Key Points

• First Pacific Financial bought an additional 11,661 shares of National Grid Transco in Q4, raising its stake to 11,667 shares worth about $902,000 (a reported 194,350% increase), and institutions now own roughly 4.68% of the stock.
• NYSE:NGG traded at $87.97 on the most recent open, with a 12‑month range of $62.13–$94.64, a 50‑day moving average of $88.15 and a 200‑day moving average of $80.14.
• Analysts’ consensus is a "Hold" rating with an average price target of $83.80 (3 Buys, 6 Holds, 2 Sells).

First Pacific Financial lifted its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 194,350.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,667 shares of the utilities provider's stock after purchasing an additional 11,661 shares during the period. First Pacific Financial's holdings in National Grid Transco were worth $902,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Johnson Financial Group Inc. bought a new stake in National Grid Transco during the third quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in National Grid Transco in the third quarter worth about $28,000. Salomon & Ludwin LLC raised its stake in shares of National Grid Transco by 4,218.2% in the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider's stock worth $35,000 after buying an additional 464 shares during the period. ESL Trust Services LLC raised its stake in shares of National Grid Transco by 71.4% in the third quarter. ESL Trust Services LLC now owns 480 shares of the utilities provider's stock worth $35,000 after buying an additional 200 shares during the period. Finally, Ancora Advisors LLC purchased a new position in shares of National Grid Transco during the 3rd quarter valued at about $36,000. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Performance

NYSE:NGG opened at $87.97 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. National Grid Transco, PLC has a 12-month low of $62.13 and a 12-month high of $94.64. The stock has a 50-day moving average price of $88.15 and a 200 day moving average price of $80.14.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of National Grid Transco in a report on Thursday, January 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of National Grid Transco in a report on Thursday, February 5th. Citigroup reiterated a "neutral" rating on shares of National Grid Transco in a research report on Monday, January 26th. Jefferies Financial Group reissued a "hold" rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Finally, National Bank Financial set a $85.50 price objective on shares of National Grid Transco in a research report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, National Grid Transco currently has an average rating of "Hold" and an average price target of $83.80.

About National Grid Transco

National Grid Transco NYSE: NGG is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.

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