National Grid Transco, PLC $NGG Shares Bought by Quantbot Technologies LP

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 boosted its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 990.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,407 shares of the utilities provider's stock after purchasing 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 SEC.

A number of other large investors also recently bought and sold shares of the stock. Federated Hermes Inc. boosted its holdings in National Grid Transco by 49.8% in the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider's stock valued at $205,592,000 after acquiring an additional 1,041,918 shares during the last quarter. Nuveen LLC purchased a new position in shares of National Grid Transco in the 1st quarter worth about $32,015,000. D. E. Shaw & Co. Inc. lifted its stake in shares of National Grid Transco by 5,134.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 330,706 shares of the utilities provider's stock valued at $19,651,000 after purchasing an additional 324,388 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of National Grid Transco by 22.7% during the 1st quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider's stock worth $91,176,000 after purchasing an additional 256,645 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in National Grid Transco by 19.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider's stock worth $90,044,000 after purchasing an additional 228,179 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company's stock.

National Grid Transco Stock Up 0.8%

Shares of NYSE:NGG traded up $0.59 during trading on Tuesday, hitting $71.08. The company's stock had a trading volume of 411,872 shares, compared to its average volume of 617,341. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The stock's 50-day moving average price is $71.65 and its two-hundred day moving average price is $68.90. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The company has a market capitalization of $70.53 billion, a PE ratio of 13.67, a PEG ratio of 1.59 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank Of Canada cut shares of National Grid Transco from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, May 28th. Wall Street Zen lowered shares of National Grid Transco from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Citigroup reaffirmed a "neutral" rating on shares of National Grid Transco in a research report on Tuesday, May 6th. UBS Group lowered National Grid Transco from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, National Grid Transco currently has a consensus rating of "Moderate Buy" and an average target price 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.