National Grid Transco, PLC $NGG Shares Purchased by Vident Advisory LLC

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 increased its holdings in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 31.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,400 shares of the utilities provider's stock after purchasing 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 Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in National Grid Transco during the 1st quarter worth $28,000. SJS Investment Consulting Inc. purchased a new stake in National Grid Transco during the 1st quarter worth $29,000. Capital Analysts LLC boosted its position in National Grid Transco by 33.6% during the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock worth $42,000 after purchasing an additional 161 shares during the period. Sound Income Strategies LLC boosted its position in National Grid Transco by 197.3% during the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider's stock worth $58,000 after purchasing an additional 582 shares during the period. Finally, Bessemer Group Inc. boosted its position in National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider's stock valued at $62,000 after buying an additional 657 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Stock Up 1.7%

Shares of NGG stock traded up $1.18 during trading hours on Friday, hitting $70.10. 570,025 shares of the company were exchanged, compared to its average volume of 504,119. 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 one year low of $55.82 and a one year high of $74.82. The business's 50-day simple moving average is $71.23 and its two-hundred day simple moving average is $69.40. The stock has a market capitalization of $69.56 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.59 and a beta of 0.68.

Analysts Set New Price Targets

A number of research firms have weighed in on NGG. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. Royal Bank Of Canada cut shares of National Grid Transco from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, May 28th. BNP Paribas Exane began coverage on shares of National Grid Transco in a research report on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective for the company. Barclays reissued an "overweight" rating on shares of National Grid Transco in a research report on Friday, May 16th. Finally, Wall Street Zen cut shares of National Grid Transco from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.