SG Americas Securities LLC Buys 890,704 Shares of National Grid Transco, PLC $NGG

Key Points

• SG Americas Securities LLC bought an additional 890,704 shares of National Grid Transco in Q4 (a 47,478.9% increase), bringing its stake to ~892,580 shares (~0.09% ownership) valued at about $69.04 million per its SEC filing.
• Analysts have a consensus Hold rating with a $83.80 target (3 Buys, 6 Holds, 2 Sells); NGG opened at $82.25 and trades within a 1‑year range of $62.13–$94.64 with 50‑day/200‑day SMAs of $87.54/$79.59.

SG Americas Securities LLC increased its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 47,478.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 892,580 shares of the utilities provider's stock after acquiring an additional 890,704 shares during the period. SG Americas Securities LLC owned about 0.09% of National Grid Transco worth $69,041,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NGG. Global Retirement Partners LLC purchased a new position in shares of National Grid Transco in the 2nd quarter worth about $487,000. Factory Mutual Insurance Co. purchased a new position in shares of National Grid Transco during the 3rd quarter valued at about $4,430,000. JPMorgan Chase & Co. raised its holdings in shares of National Grid Transco by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,089,650 shares of the utilities provider's stock valued at $151,855,000 after buying an additional 48,048 shares in the last quarter. Osaic Holdings Inc. lifted its position in National Grid Transco by 189.2% in the 2nd quarter. Osaic Holdings Inc. now owns 111,083 shares of the utilities provider's stock worth $7,604,000 after buying an additional 72,673 shares during the last quarter. Finally, Causeway Capital Management LLC lifted its position in National Grid Transco by 112.4% in the 3rd quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider's stock worth $48,772,000 after buying an additional 355,149 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Transco Stock Up 0.2%

NGG opened at $82.25 on Wednesday. The stock's 50 day simple moving average is $87.54 and its 200 day simple moving average is $79.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. National Grid Transco, PLC has a 1 year low of $62.13 and a 1 year high of $94.64.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup reiterated a "neutral" rating on shares of National Grid Transco in a research report on Monday, January 26th. Jefferies Financial Group restated a "hold" rating on shares of National Grid Transco in a report on Wednesday, March 18th. Zacks Research cut shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of National Grid Transco in a report on Thursday, January 22nd. Finally, UBS Group reiterated a "sell" rating on shares of National Grid Transco in a research report on Monday, March 16th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $83.80.

National Grid Transco Profile

National Grid Transco NYSE: NGG is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.

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