Rehmann Capital Advisory Group Acquires Shares of 5,850 National Grid Transco, PLC $NGG

Key Points

• Rehmann Capital Advisory Group has acquired 5,850 shares of National Grid Transco, PLC, valued at approximately $435,000, during the second quarter.
• Recent analyst reports show a shift in sentiment, with Zacks Research downgrading the stock from a "strong-buy" to a "hold" rating, while others maintain mixed positions, resulting in a consensus rating of "Moderate Buy."
• As of the latest trading, National Grid Transco's stock is currently priced at $76.69, with a 1-year range between $55.82 and $77.27.

Rehmann Capital Advisory Group acquired a new stake in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,850 shares of the utilities provider's stock, valued at approximately $435,000.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of National Grid Transco during the second quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in shares of National Grid Transco during the first quarter valued at $28,000. V Square Quantitative Management LLC purchased a new stake in shares of National Grid Transco during the second quarter valued at $35,000. Capital Analysts LLC boosted its stake in shares of National Grid Transco by 33.6% during the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 161 shares during the period. Finally, Bessemer Group Inc. boosted its stake 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 valued at $62,000 after purchasing an additional 657 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NGG has been the subject of a number of recent analyst reports. Zacks Research lowered shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Weiss Ratings reissued a "hold (c)" rating on shares of National Grid Transco in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.40.

National Grid Transco Stock Down 0.3%

NYSE:NGG opened at $76.69 on Friday. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $77.27. The company has a 50-day moving average of $72.14 and a 200 day moving average of $71.62. The firm has a market cap of $76.09 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30.

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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