Wealth Enhancement Advisory Services LLC Has $2.55 Million Stock Position in National Grid Transco, PLC $NGG

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in National Grid Transco, PLC by 25%, acquiring a total of 35,528 shares worth approximately $2.55 million.
• The company's stock is currently trading at $71.63 with a market cap of $71.07 billion and a consensus rating of 'Moderate Buy' from analysts.
• Recently, Zacks Research downgraded its rating on National Grid Transco from a 'strong-buy' to a 'hold', reflecting a shift in market sentiment.

Wealth Enhancement Advisory Services LLC raised its position in National Grid Transco, PLC (NYSE:NGG - Free Report) by 25.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 35,528 shares of the utilities provider's stock after purchasing an additional 7,110 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in National Grid Transco were worth $2,547,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Mayflower Financial Advisors LLC lifted its position in National Grid Transco by 4.0% during the first quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider's stock valued at $239,000 after buying an additional 140 shares during the period. First Horizon Advisors Inc. increased its holdings 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 worth $81,000 after acquiring an additional 150 shares in the last quarter. Sage Rhino Capital LLC boosted its position in shares of National Grid Transco by 3.6% during the 1st quarter. Sage Rhino Capital LLC now owns 4,524 shares of the utilities provider's stock worth $297,000 after purchasing an additional 156 shares during the period. Capital Analysts LLC lifted its stake in National Grid Transco by 33.6% in the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock valued at $42,000 after buying an additional 161 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in National Grid Transco by 2.0% during the 1st quarter. Gradient Investments LLC now owns 8,156 shares of the utilities provider's stock valued at $535,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Transco Trading Up 1.6%

NYSE NGG opened at $71.63 on Friday. The firm has a market cap of $71.07 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.62 and a beta of 0.68. The stock has a 50-day moving average of $71.07 and a 200-day moving average of $70.36. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $74.82. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, National Grid Transco has a consensus rating of "Moderate Buy" and an average price target of $80.40.

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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