Integrity Alliance LLC. Invests $308,000 in National Grid Transco, PLC $NGG

Key Points

• Integrity Alliance LLC has made a new investment of $308,000 in National Grid Transco, acquiring 4,697 shares in the process.
• Other institutional investors have also engaged in substantial activity, with significant purchases and increases in positions, including a 216.8% boost by Bessemer Group Inc.
• Analysts have varying ratings on National Grid Transco, with BNP Paribas upgrading it to a "strong-buy" while Zacks Research downgraded it to a "hold", reflecting uncertainty in market sentiment.

Integrity Alliance LLC. bought a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,697 shares of the utilities provider's stock, valued at approximately $308,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mayflower Financial Advisors LLC increased its stake in shares of National Grid Transco by 4.0% in the first quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider's stock valued at $239,000 after buying an additional 140 shares during the period. First Horizon Advisors Inc. increased its stake in shares of National Grid Transco by 13.9% in the first quarter. First Horizon Advisors Inc. now owns 1,227 shares of the utilities provider's stock valued at $81,000 after buying an additional 150 shares during the period. Sage Rhino Capital LLC increased its stake in shares of National Grid Transco by 3.6% in the first quarter. Sage Rhino Capital LLC now owns 4,524 shares of the utilities provider's stock valued at $297,000 after buying an additional 156 shares during the period. Capital Analysts LLC increased its stake in shares of National Grid Transco by 33.6% in 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 during the period. Finally, Gradient Investments LLC increased its stake in shares of National Grid Transco by 2.0% in the first quarter. Gradient Investments LLC now owns 8,156 shares of the utilities provider's stock valued at $535,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 4.68% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BNP Paribas raised National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. Royal Bank Of Canada downgraded shares of National Grid Transco from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, May 28th. BNP Paribas Exane began coverage on shares of National Grid Transco in a research report on Thursday, May 29th. They set an "outperform" rating and a $80.40 target price for the company. Finally, Zacks Research downgraded shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $80.40.

National Grid Transco Trading Down 1.1%

Shares of NGG stock traded down $0.76 during trading hours on Tuesday, hitting $70.86. 406,205 shares of the company were exchanged, compared to its average volume of 846,958. The firm has a market cap of $70.31 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.62 and a beta of 0.68. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The company has a 50 day simple moving average of $71.07 and a two-hundred day simple moving average of $69.83.

National Grid Transco Company 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.