Goldman Sachs Group Inc. Has $132.06 Million Position in National Grid Transco, PLC $NGG

Key Points

• Goldman Sachs Group Inc. increased its stake in National Grid Transco by 4.9%, owning approximately 2,012,862 shares valued at $132,064,000 after adding 94,839 shares in the first quarter.
• Several hedge funds also modified their positions in National Grid Transco, with Allspring Global Investments holdings rising by a notable 97.3%.
• Research analysts have mixed views on the stock, with ratings ranging from "strong buy" to "sell", reflecting uncertainty in market confidence for National Grid Transco.

Goldman Sachs Group Inc. boosted its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,012,862 shares of the utilities provider's stock after buying an additional 94,839 shares during the period. Goldman Sachs Group Inc. owned 0.21% of National Grid Transco worth $132,064,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco during the first quarter worth about $28,000. SJS Investment Consulting Inc. bought a new stake in National Grid Transco in the 1st quarter valued at about $29,000. Capital Analysts LLC boosted its stake in National Grid Transco by 33.6% during the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 161 shares during the period. Sound Income Strategies LLC grew its position in 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. Finally, Bessemer Group Inc. grew its position in 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. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Stock Up 0.4%

Shares of National Grid Transco stock traded up $0.31 during midday trading on Wednesday, hitting $71.19. The company's stock had a trading volume of 82,302 shares, compared to its average volume of 842,515. The firm has a market capitalization of $70.63 billion, a P/E ratio of 13.69, a PEG ratio of 1.62 and a beta of 0.68. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $74.82. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The stock has a 50-day simple moving average of $71.08 and a 200-day simple moving average of $69.84.

Wall Street Analyst Weigh In

NGG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of National Grid Transco in a report on Wednesday, May 21st. Royal Bank Of Canada lowered National Grid Transco from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, May 28th. Zacks Research cut National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. BNP Paribas upgraded shares of National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, BNP Paribas Exane began coverage on shares of National Grid Transco in a report on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, National Grid Transco currently has an average rating of "Moderate Buy" and a consensus target price 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.