National Grid Transco, PLC $NGG Position Increased by Gilman Hill Asset Management LLC

Key Points

• Gilman Hill Asset Management LLC increased its stake in National Grid Transco, PLC by 45.0%, purchasing an additional 19,750 shares and raising its total ownership to 63,668 shares valued at approximately $4.74 million.
• National Grid Transco has received varied ratings from analysts, including a recent upgrade to "strong-buy" by BNP Paribas, while others like Zacks Research have downgraded it to a "hold" rating.
• The company's stock is currently down 1.1% and has a market cap of $70.31 billion, with shares trading at around $70.86, reflecting a moderate performance range over the past year.

Gilman Hill Asset Management LLC boosted its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 45.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,668 shares of the utilities provider's stock after purchasing an additional 19,750 shares during the quarter. Gilman Hill Asset Management LLC's holdings in National Grid Transco were worth $4,738,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NGG. Golden State Wealth Management LLC purchased a new stake in National Grid Transco in the first quarter valued at approximately $28,000. SJS Investment Consulting Inc. purchased a new stake in National Grid Transco in the first quarter valued at approximately $29,000. Capital Analysts LLC lifted its position in National Grid Transco by 33.6% during the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock valued at $42,000 after buying an additional 161 shares in the last quarter. Sound Income Strategies LLC lifted its position in National Grid Transco by 197.3% during the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider's stock valued at $58,000 after buying an additional 582 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in National Grid Transco by 216.8% during the first quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider's stock valued at $62,000 after buying an additional 657 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco Stock Up 0.2%

Shares of NYSE:NGG traded up $0.11 during midday trading on Friday, reaching $70.10. The company had a trading volume of 476,681 shares, compared to its average volume of 840,412. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $74.82. The stock's fifty day moving average price is $71.07 and its 200-day moving average price is $69.90. The stock has a market capitalization of $69.56 billion, a P/E ratio of 13.48, a PEG ratio of 1.61 and a beta of 0.68.

Analysts Set New Price Targets

A number of research analysts have weighed in on NGG shares. BNP Paribas Exane started coverage on shares of National Grid Transco in a research report on Thursday, May 29th. They set an "outperform" rating and a $80.40 price target on the stock. BNP Paribas raised shares of National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Zacks Research lowered National Grid Transco from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Royal Bank Of Canada cut National Grid Transco from an "outperform" rating to a "sector perform" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to 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.