MGO One Seven LLC Invests $384,000 in National Grid Transco, PLC $NGG

Key Points

• MGO One Seven LLC invested approximately $384,000 in shares of National Grid Transco, acquiring 5,158 shares during the 2nd quarter.
• Other large investors have also increased their stakes, with CWM LLC growing its holdings by 265.8% to own 16,290 shares, valued at $1,212,000.
• National Grid Transco stock has a current market cap of $76.37 billion and analysts rate it as a "Moderate Buy" with an average target price of $80.40.

MGO One Seven LLC bought a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,158 shares of the utilities provider's stock, valued at approximately $384,000.

Several other large investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of National Grid Transco by 3.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,815 shares of the utilities provider's stock worth $730,000 after purchasing an additional 334 shares during the last quarter. CWM LLC grew its holdings in shares of National Grid Transco by 265.8% during the second quarter. CWM LLC now owns 16,290 shares of the utilities provider's stock worth $1,212,000 after purchasing an additional 11,837 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of National Grid Transco by 29.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,715 shares of the utilities provider's stock worth $2,807,000 after purchasing an additional 8,499 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of National Grid Transco by 58.1% during the second quarter. Concurrent Investment Advisors LLC now owns 6,075 shares of the utilities provider's stock worth $452,000 after purchasing an additional 2,233 shares during the last quarter. Finally, Natural Investments LLC grew its holdings in shares of National Grid Transco by 1.6% during the second quarter. Natural Investments LLC now owns 11,484 shares of the utilities provider's stock worth $854,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Transco Stock Performance

National Grid Transco stock opened at $76.97 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a 1 year low of $55.82 and a 1 year high of $77.01. The company has a market cap of $76.37 billion, a PE ratio of 14.80, a PEG ratio of 1.74 and a beta of 0.70. The company's 50-day moving average is $71.68 and its two-hundred day moving average is $71.37.

Analyst Ratings Changes

Several equities analysts recently issued reports on NGG shares. Weiss Ratings reiterated a "hold (c)" rating on shares of National Grid Transco in a report on Wednesday, October 8th. 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 analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, National Grid Transco has a consensus rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.