GC Wealth Management RIA LLC Makes New Investment in National Grid Transco, PLC $NGG

Key Points

• GC Wealth Management RIA LLC purchased a new position in National Grid Transco, acquiring 4,510 shares valued at approximately $336,000 during the second quarter.
• Analysts have downgraded National Grid Transco's stock from a "strong-buy" rating to a "hold" rating, with a consensus target price of $80.40 reflecting an average rating of "Moderate Buy."
• National Grid Transco has a market capitalization of $72.26 billion and its stock has fluctuated between a 52-week low of $55.82 and a high of $74.82.

GC Wealth Management RIA LLC purchased a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,510 shares of the utilities provider's stock, valued at approximately $336,000.

A number of other large investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in National Grid Transco during the second quarter worth approximately $35,000. Signaturefd LLC raised its stake in National Grid Transco by 11.7% during the second quarter. Signaturefd LLC now owns 20,248 shares of the utilities provider's stock worth $1,507,000 after purchasing an additional 2,121 shares during the period. Old Port Advisors raised its stake in National Grid Transco by 0.7% during the second quarter. Old Port Advisors now owns 49,772 shares of the utilities provider's stock worth $3,704,000 after purchasing an additional 331 shares during the period. TD Private Client Wealth LLC raised its stake in National Grid Transco by 12.0% during the second quarter. TD Private Client Wealth LLC now owns 76,410 shares of the utilities provider's stock worth $5,686,000 after purchasing an additional 8,172 shares during the period. Finally, Northside Capital Management LLC purchased a new position in National Grid Transco during the second quarter worth approximately $2,330,000. Hedge funds and other institutional investors own 4.68% of the company's stock.

National Grid Transco Stock Performance

Shares of NGG stock opened at $72.82 on Thursday. The company's fifty day simple moving average is $71.02 and its 200-day simple moving average is $70.50. National Grid Transco, PLC has a 52 week low of $55.82 and a 52 week high of $74.82. 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 cap of $72.26 billion, a PE ratio of 14.00, a P/E/G ratio of 1.64 and a beta of 0.70.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $80.40.

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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