TD Asset Management Inc Has $1.49 Million Position in National Grid Transco, PLC $NGG

Key Points

• TD Asset Management Inc increased its stake in National Grid Transco, PLC by 191.2%, reaching a total of 19,997 shares valued at approximately $1.49 million.
• Several large investors, including Federated Hermes and Raymond James, have also significantly increased their stakes in National Grid Transco during the first quarter, reflecting growing institutional interest.
• Analyst ratings for National Grid Transco vary, with a consensus rating of "Moderate Buy" and an average target price of $80.40.

TD Asset Management Inc increased its stake in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 191.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,997 shares of the utilities provider's stock after buying an additional 13,129 shares during the quarter. TD Asset Management Inc's holdings in National Grid Transco were worth $1,488,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its stake in National Grid Transco by 49.8% during the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider's stock worth $205,592,000 after purchasing an additional 1,041,918 shares during the last quarter. Nuveen LLC bought a new stake in National Grid Transco during the first quarter worth $32,015,000. Raymond James Financial Inc. lifted its stake in National Grid Transco by 22.7% during the first 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 last quarter. Envestnet Asset Management Inc. lifted its stake in National Grid Transco by 19.9% during the first 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 during the last quarter. Finally, Clark Capital Management Group Inc. lifted its stake in National Grid Transco by 25.9% during the first quarter. Clark Capital Management Group Inc. now owns 895,628 shares of the utilities provider's stock worth $58,762,000 after purchasing an additional 184,006 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NGG. Zacks Research cut National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Weiss Ratings restated a "hold (c)" rating on shares of National Grid Transco in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.40.

National Grid Transco Stock Up 0.7%

Shares of NGG opened at $76.92 on Thursday. National Grid Transco, PLC has a 52 week low of $55.82 and a 52 week high of $77.25. The stock has a market capitalization of $76.32 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.73 and a beta of 0.70. 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 stock has a fifty day moving average of $72.03 and a 200-day moving average of $71.53.

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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