Vident Advisory LLC Has $1.40 Million Stock Holdings in National Grid Transco, PLC $NGG

Key Points

• Vident Advisory LLC increased its stake in National Grid Transco by 31.1%, acquiring an additional 5,073 shares to total 21,400 shares worth approximately $1.4 million.
• Several institutional investors showed interest in National Grid Transco, with notable increases in holdings by Capital Analysts LLC (33.6%) and Bessemer Group Inc. (216.8%) in the first quarter.
• Analysts have varied opinions on the stock, with ratings ranging from "Strong Buy" to "Sell", and a consensus rating of "Moderate Buy" and an average target price of $80.40.

Vident Advisory LLC boosted its stake in National Grid Transco, PLC (NYSE:NGG - Free Report) by 31.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,400 shares of the utilities provider's stock after buying an additional 5,073 shares during the period. Vident Advisory LLC's holdings in National Grid Transco were worth $1,404,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mayflower Financial Advisors LLC lifted its holdings in shares of National Grid Transco by 4.0% during the 1st quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider's stock worth $239,000 after acquiring an additional 140 shares during the period. First Horizon Advisors Inc. lifted its stake in National Grid Transco by 13.9% in the 1st quarter. First Horizon Advisors Inc. now owns 1,227 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 150 shares during the last quarter. Sage Rhino Capital LLC lifted its stake in National Grid Transco by 3.6% in the 1st quarter. Sage Rhino Capital LLC now owns 4,524 shares of the utilities provider's stock valued at $297,000 after purchasing an additional 156 shares during the last quarter. Capital Analysts LLC lifted its stake in National Grid Transco by 33.6% in the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 161 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in National Grid Transco by 2.0% in the 1st quarter. Gradient Investments LLC now owns 8,156 shares of the utilities provider's stock valued at $535,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

National Grid Transco Trading Down 0.0%

Shares of NGG traded down $0.02 during trading hours on Monday, hitting $70.08. 148,504 shares of the stock were exchanged, compared to its average volume of 855,867. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. 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 business has a 50-day moving average of $71.23 and a 200-day moving average of $69.46. The firm has a market capitalization of $69.54 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.59 and a beta of 0.68.

Wall Street Analyst Weigh In

Several brokerages recently commented on NGG. Wall Street Zen downgraded shares of National Grid Transco from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Royal Bank Of Canada downgraded shares of National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of National Grid Transco in a research note on Wednesday, May 21st. BNP Paribas Exane assumed coverage on shares of National Grid Transco in a research note on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective for the company. Finally, Zacks Research downgraded shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.40.

National Grid Transco 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.