Clark Capital Management Group Inc. Acquires 184,006 Shares of National Grid Transco, PLC $NGG

Key Points

• Clark Capital Management Group Inc. increased its stake in National Grid Transco, PLC by 25.9% during the 1st quarter, now owning approximately 895,628 shares valued at $58.76 million.
• Several institutional investors have also made significant changes to their holdings in NGG, with investments from First Trust Advisors, HSBC, and BNP Paribas Financial Markets, among others.
• Analysts have varied opinions on NGG, with recent ratings ranging from a "sell" from Wall Street Zen to an "outperform" from BNP Paribas, while the stock has a consensus rating of "Moderate Buy" and an average price target of $80.40.

Clark Capital Management Group Inc. raised its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 895,628 shares of the utilities provider's stock after acquiring an additional 184,006 shares during the quarter. Clark Capital Management Group Inc. owned about 0.09% of National Grid Transco worth $58,762,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in National Grid Transco in the 1st quarter valued at about $28,000. SJS Investment Consulting Inc. acquired a new stake in shares of National Grid Transco during the 1st quarter worth approximately $29,000. Capital Analysts LLC boosted its position in 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 in the last quarter. Sound Income Strategies LLC boosted its position in National Grid Transco by 197.3% in the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider's stock valued at $58,000 after buying an additional 582 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of National Grid Transco by 216.8% during the first 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 period. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Up 0.2%

NGG traded up $0.15 during midday trading on Tuesday, hitting $70.57. The company had a trading volume of 549,613 shares, compared to its average volume of 858,213. National Grid Transco, PLC has a 52 week low of $55.82 and a 52 week 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 company has a market capitalization of $70.02 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.59 and a beta of 0.68. The stock's 50 day moving average price is $71.15 and its 200 day moving average price is $69.52.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane assumed coverage on shares of National Grid Transco in a research note on Thursday, May 29th. They set an "outperform" rating and a $80.40 target price for the company. Zacks Research downgraded shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. BNP Paribas raised shares of National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Wall Street Zen downgraded shares of National Grid Transco from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Finally, Royal Bank Of Canada downgraded shares of National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. One research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.