William John Sempolinski Purchases New Position in National Grid Transco, PLC $NGG

Key Points

• William John Sempolinski acquired 13,732 shares of National Grid Transco during the second quarter, valued at approximately $1.14 million.
• Several institutional investors recently initiated or increased positions in NGG, though institutional ownership remains relatively low at 4.68%.
• Analyst sentiment is cautious: one analyst rates the stock Buy, seven Hold, and two Sell, producing a consensus “Reduce” rating and an $85.50 price target. NGG opened at $78.07, below its 50-day and 200-day moving averages.

William John Sempolinski acquired a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,732 shares of the utilities provider's stock, valued at approximately $1,138,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Johnson Financial Group Inc. acquired a new position in National Grid Transco in the third quarter valued at about $25,000. Root Financial Partners LLC increased its holdings in shares of National Grid Transco by 88.2% during the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider's stock worth $25,000 after buying an additional 149 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of National Grid Transco by 88.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider's stock worth $27,000 after buying an additional 162 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of National Grid Transco in the third quarter valued at approximately $28,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of National Grid Transco in the fourth quarter valued at approximately $34,000. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings restated a "hold (c)" rating on shares of National Grid Transco in a research report on Friday, July 17th. Wall Street Zen downgraded National Grid Transco from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft cut National Grid Transco from a "buy" rating to a "hold" rating in a report on Monday, June 8th. Morgan Stanley restated an "overweight" rating on shares of National Grid Transco in a research note on Friday, May 29th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of National Grid Transco in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, National Grid Transco currently has a consensus rating of "Reduce" and a consensus price target of $85.50.

National Grid Transco Trading Down 0.1%

NGG stock opened at $78.07 on Friday. The company has a 50 day moving average price of $81.19 and a 200 day moving average price of $84.53. National Grid Transco, PLC has a fifty-two week low of $69.72 and a fifty-two week high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.

About National Grid Transco

National Grid Transco NYSE: NGG is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.

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