National Grid Transco, PLC $NGG Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies increased its stake in National Grid Transco (NYSE: NGG) by 18.7% in Q3, owning 224,912 shares after buying 35,449 more, worth about $16.34 million per the latest 13F filing.
• Analysts rate NGG an average of "Moderate Buy" with an average target price of $83.80; the stock recently opened at $89.91 and trades within a 52-week range of $61.48–$94.64 (50-day SMA $85.87, 200-day SMA $78.39).

American Century Companies Inc. grew its position in National Grid Transco, PLC (NYSE:NGG - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,912 shares of the utilities provider's stock after buying an additional 35,449 shares during the period. American Century Companies Inc.'s holdings in National Grid Transco were worth $16,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in National Grid Transco by 4,218.2% in the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 464 shares during the last quarter. ESL Trust Services LLC increased its stake in National Grid Transco by 71.4% during the third quarter. ESL Trust Services LLC now owns 480 shares of the utilities provider's stock worth $35,000 after acquiring an additional 200 shares during the last quarter. Parkside Financial Bank & Trust raised its position in National Grid Transco by 100.0% in the second quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 263 shares during the period. Mather Group LLC. purchased a new stake in National Grid Transco in the third quarter valued at $39,000. Finally, Bessemer Group Inc. lifted its stake in shares of National Grid Transco by 127.0% in the 3rd quarter. Bessemer Group Inc. now owns 588 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

Analysts Set New Price Targets

NGG has been the subject of a number of research analyst reports. National Bank Financial set a $85.50 price target on National Grid Transco in a report on Friday, December 12th. Weiss Ratings restated a "hold (c)" rating on shares of National Grid Transco in a report on Thursday, January 22nd. Zacks Research raised shares of National Grid Transco from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. BNP Paribas Exane lowered shares of National Grid Transco from an "outperform" rating to an "underperform" rating in a research note on Monday, November 24th. Finally, Citigroup reiterated a "neutral" rating on shares of National Grid Transco in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, National Grid Transco presently has an average rating of "Moderate Buy" and an average target price of $83.80.

National Grid Transco Stock Performance

NYSE:NGG opened at $89.91 on Wednesday. National Grid Transco, PLC has a 52 week low of $61.48 and a 52 week high of $94.64. The company has a fifty day simple moving average of $85.87 and a two-hundred day simple moving average of $78.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97.

National Grid Transco Profile

National Grid Transco NYSE: NGG is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.

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