Kestra Advisory Services LLC Has $1.56 Million Stock Holdings in National Grid Transco, PLC $NGG

Key Points

• Kestra Advisory Services LLC increased its stake in National Grid Transco, PLC by 20.0%, acquiring an additional 3,952 shares to reach a total of 23,717 shares valued at approximately $1,556,000.
• Institutional interest in National Grid Transco is rising, with hedge funds like Compound Planning Inc. and Quantbot Technologies LP significantly increasing their holdings during the first quarter.
• Analysts have mixed opinions on National Grid Transco, with ratings ranging from "strong-buy" to "sell," resulting in an average rating of "Moderate Buy."

Kestra Advisory Services LLC lifted its stake in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 20.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,717 shares of the utilities provider's stock after purchasing an additional 3,952 shares during the period. Kestra Advisory Services LLC's holdings in National Grid Transco were worth $1,556,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Mayflower Financial Advisors LLC increased its position in National Grid Transco by 4.0% during the 1st quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider's stock worth $239,000 after buying an additional 140 shares during the period. First Horizon Advisors Inc. raised its position in 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 purchasing an additional 150 shares during the last quarter. Sage Rhino Capital LLC raised its position in shares of National Grid Transco by 3.6% during the first quarter. Sage Rhino Capital LLC now owns 4,524 shares of the utilities provider's stock worth $297,000 after acquiring an additional 156 shares during the last quarter. Capital Analysts LLC raised its position in shares of National Grid Transco by 33.6% during the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock worth $42,000 after acquiring an additional 161 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in National Grid Transco by 2.0% in the first quarter. Gradient Investments LLC now owns 8,156 shares of the utilities provider's stock worth $535,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 4.68% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NGG. BNP Paribas Exane began coverage on National Grid Transco in a research report on Thursday, May 29th. They set an "outperform" rating and a $80.40 target price on the stock. Barclays restated an "overweight" rating on shares of National Grid Transco in a research note on Friday, May 16th. Wall Street Zen cut National Grid Transco from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Zacks Research cut National Grid Transco from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, BNP Paribas upgraded National Grid Transco from an "outperform" rating to a "strong-buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $80.40.

National Grid Transco Stock Up 0.2%

National Grid Transco stock traded up $0.14 during midday trading on Thursday, hitting $68.71. 478,134 shares of the stock were exchanged, compared to its average volume of 860,566. The company has a 50 day moving average price of $71.40 and a two-hundred day moving average price of $69.21. The firm has a market cap of $68.17 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.60 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 debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30.

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.