TD Waterhouse Canada Inc. Acquires 45,169 Shares of National Grid Transco, PLC $NGG

Key Points

• TD Waterhouse Canada increased its National Grid Transco stake by 236.5% in the third quarter, acquiring 45,169 additional shares and bringing its holdings to 64,266 shares valued at approximately $4.84 million.
• Institutional investors and hedge funds own 4.68% of NGG shares, with several firms recently increasing their positions or initiating new holdings.
• Analyst sentiment is mixed, with four Buy, eight Hold, and two Sell ratings; the stock has an overall Hold consensus and a $80.33 average price target.

TD Waterhouse Canada Inc. increased its holdings in National Grid Transco, PLC (NYSE:NGG - Free Report) by 236.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,266 shares of the utilities provider's stock after acquiring an additional 45,169 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in National Grid Transco were worth $4,841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NGG. James T. Borello RIA boosted its stake in National Grid Transco by 50.3% during the 3rd quarter. James T. Borello RIA now owns 433 shares of the utilities provider's stock worth $33,000 after purchasing an additional 145 shares during the period. First Horizon Corp grew its position in National Grid Transco by 235.0% during the 1st quarter. First Horizon Corp now owns 459 shares of the utilities provider's stock worth $39,000 after purchasing an additional 322 shares during the last quarter. SHP Wealth Management acquired a new position in National Grid Transco in the fourth quarter valued at $40,000. Pin Oak Investment Advisors Inc. acquired a new position in National Grid Transco in the second quarter valued at $61,000. Finally, Avion Wealth acquired a new position in National Grid Transco in the first quarter valued at $62,000. Hedge funds and other institutional investors own 4.68% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NGG shares. UBS Group reiterated a "sell" rating on shares of National Grid Transco in a research note on Monday, August 3rd. JPMorgan Chase & Co. reissued a "buy" rating on shares of National Grid Transco in a report on Monday, October 5th. Berenberg Bank reissued a "neutral" rating on shares of National Grid Transco in a report on Friday, July 10th. Royal Bank Of Canada restated a "neutral" rating on shares of National Grid Transco in a research report on Wednesday, July 1st. Finally, Wall Street Zen downgraded National Grid Transco from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, National Grid Transco currently has an average rating of "Hold" and a consensus target price of $80.33.

National Grid Transco Price Performance

Shares of NYSE NGG opened at $79.08 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average price of $78.02 and a 200 day moving average price of $81.85. National Grid Transco, PLC has a 1-year low of $73.37 and a 1-year high of $94.64.

About National Grid Transco

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.

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