OLD Mission Capital LLC Has $922,000 Stock Position in National Grid Transco, PLC $NGG

Key Points

• OLD Mission Capital LLC reduced its stake in National Grid Transco, PLC by 64.5%, holding 14,059 shares worth $922,000 at the end of the first quarter.
• Several hedge funds, including Golden State Wealth Management and Bessemer Group Inc., have either initiated or increased their stakes in National Grid Transco during the same period.
• Analysts have mixed views on the stock, with some rating it as a "strong-buy" and others downgrading to "sell," leading to an average rating of "Moderate Buy" and a price target of $80.40.

OLD Mission Capital LLC reduced its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 64.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,059 shares of the utilities provider's stock after selling 25,495 shares during the period. OLD Mission Capital LLC's holdings in National Grid Transco were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NGG. Golden State Wealth Management LLC acquired a new position in shares of National Grid Transco in the 1st quarter worth approximately $28,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of National Grid Transco by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider's stock worth $907,000 after acquiring an additional 500 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of National Grid Transco by 25.5% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider's stock worth $398,000 after acquiring an additional 1,231 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of National Grid Transco by 97.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,481 shares of the utilities provider's stock worth $624,000 after acquiring an additional 4,675 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of National Grid Transco by 8.9% in the 4th quarter. Two Sigma Investments LP now owns 5,100 shares of the utilities provider's stock worth $303,000 after acquiring an additional 417 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Trading Up 0.8%

Shares of NGG stock traded up $0.52 during trading hours on Wednesday, reaching $68.50. The company had a trading volume of 572,890 shares, compared to its average volume of 484,194. The company has a 50 day moving average of $71.40 and a 200 day moving average of $69.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The firm has a market cap of $67.97 billion, a price-to-earnings ratio of 13.17, 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NGG shares. Wall Street Zen downgraded National Grid Transco from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Citigroup reissued a "neutral" rating on shares of National Grid Transco in a report on Tuesday, May 6th. Zacks Research downgraded National Grid Transco from a "strong-buy" rating to a "hold" rating in a report on Monday. Barclays reissued an "overweight" rating on shares of National Grid Transco in a report on Friday, May 16th. Finally, BNP Paribas Exane assumed coverage on National Grid Transco in a report on Thursday, May 29th. They set an "outperform" rating and a $80.40 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.40.

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.