Sequoia Financial Advisors LLC Increases Stake in National Grid Transco, PLC $NGG

Key Points

• Sequoia Financial Advisors LLC increased its stake in National Grid Transco, PLC (NYSE:NGG) by 48.9%, now owning 16,989 shares valued at approximately $1.26 million.
• National Grid Transco's stock recently opened at $76.97, with a one-year range of $55.82 to $77.01.
• Analysts currently hold a consensus rating of "Moderate Buy" for NGG, with an average target price of $80.40.

Sequoia Financial Advisors LLC lifted its position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 48.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,989 shares of the utilities provider's stock after purchasing an additional 5,580 shares during the quarter. Sequoia Financial Advisors LLC's holdings in National Grid Transco were worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NGG. Golden State Wealth Management LLC bought a new stake in shares of National Grid Transco during the first quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of National Grid Transco during the second quarter valued at approximately $31,000. V Square Quantitative Management LLC bought a new stake in shares of National Grid Transco during the second quarter valued at approximately $35,000. Capital Analysts LLC boosted its position 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 in the last quarter. Finally, Bessemer Group Inc. boosted its position 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 in the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Stock Up 1.4%

NGG stock opened at $76.97 on Friday. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $77.01. The business has a fifty day moving average price of $71.68 and a 200-day moving average price of $71.33. 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 stock has a market capitalization of $76.37 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.72 and a beta of 0.70.

Wall Street Analyst Weigh In

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

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