Quantbot Technologies LP Boosts Stock Holdings in National Grid Transco, PLC $NGG

Key Points

• Quantbot Technologies LP increased its stake in National Grid Transco by 990.4% during Q1, owning 43,407 shares worth approximately $2.85 million after acquiring 39,426 additional shares.
• Various hedge funds have also shown interest in National Grid Transco, with several making new purchases and increasing their holdings during the first quarter.
• Wall Street analysts have mixed views on the stock, with ratings varying from Strong Buy to Sell, resulting in an overall Moderate Buy consensus and a target price of $80.40.

Quantbot Technologies LP grew its position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 990.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,407 shares of the utilities provider's stock after acquiring an additional 39,426 shares during the quarter. Quantbot Technologies LP's holdings in National Grid Transco were worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of NGG. Golden State Wealth Management LLC purchased a new position in shares of National Grid Transco in the 1st quarter worth about $28,000. SJS Investment Consulting Inc. purchased a new position in shares of National Grid Transco in the 1st quarter worth about $29,000. Sound Income Strategies LLC boosted its holdings in shares of National Grid Transco by 197.3% in the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider's stock worth $58,000 after buying an additional 582 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider's stock worth $62,000 after buying an additional 657 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in shares of National Grid Transco in the 1st quarter worth about $71,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of National Grid Transco from a "hold" rating to a "sell" rating in a report on Friday, May 16th. UBS Group downgraded shares of National Grid Transco from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. Barclays reissued an "overweight" rating on shares of National Grid Transco in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of National Grid Transco in a research note on Wednesday, May 21st. Finally, BNP Paribas upgraded National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $80.40.

National Grid Transco Trading Up 1.5%

Shares of National Grid Transco stock opened at $72.0420 on Thursday. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $74.82. The stock's 50-day simple moving average is $71.73 and its 200 day simple moving average is $68.60. The stock has a market capitalization of $71.48 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.61 and a beta of 0.63. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35.

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.

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