Vanguard Personalized Indexing Management LLC Acquires 8,499 Shares of National Grid Transco, PLC $NGG

Key Points

• Vanguard Personalized Indexing Management LLC acquired **8,499 shares** of National Grid Transco, increasing its holdings by **29.1%** during the second quarter, now totaling **37,715 shares** valued at approximately **$2.8 million**.
• Multiple large investors have adjusted their stakes in National Grid, with institutional ownership at **4.68%**, and new investments observed from firms like Golden State Wealth Management and Allspring Global Investments.
• National Grid's stock has been rated with an average of **"Moderate Buy"**, with a consensus price target of **$80.40**, although Zacks Research recently downgraded it from a **"strong-buy"** to a **"hold"** rating.

Vanguard Personalized Indexing Management LLC boosted its holdings in National Grid Transco, PLC (NYSE:NGG - Free Report) by 29.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,715 shares of the utilities provider's stock after buying an additional 8,499 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in National Grid Transco were worth $2,807,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in National Grid Transco in the 1st quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. raised its holdings in National Grid Transco by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider's stock valued at $907,000 after buying an additional 500 shares during the last quarter. Integrity Alliance LLC. bought a new position in National Grid Transco in the 1st quarter valued at approximately $308,000. Kingswood Wealth Advisors LLC raised its holdings in National Grid Transco by 25.5% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider's stock valued at $398,000 after buying an additional 1,231 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in National Grid Transco by 97.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,481 shares of the utilities provider's stock valued at $624,000 after buying an additional 4,675 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NGG. Zacks Research lowered shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Weiss Ratings reissued a "hold (c)" rating on shares of National Grid Transco in a research report 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.40.

National Grid Transco Stock Performance

NYSE:NGG opened at $75.03 on Thursday. The company has a market capitalization of $74.44 billion, a PE ratio of 14.43, a P/E/G ratio of 1.68 and a beta of 0.70. The company has a 50 day simple moving average of $71.48 and a two-hundred day simple moving average of $71.18. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $75.16.

About National Grid Transco

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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