3,639 Shares in National Grid Transco, PLC $NGG Acquired by Abel Hall LLC

Abel Hall LLC purchased a new position in National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,639 shares of the utilities provider’s stock, valued at approximately $271,000.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of National Grid Transco in the 1st quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of National Grid Transco in the 2nd quarter worth approximately $35,000. Capital Analysts LLC lifted its holdings in shares of National Grid Transco by 33.6% in 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 last quarter. Sound Income Strategies LLC lifted its holdings in shares of National Grid Transco by 197.3% in 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 last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 657 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Down 0.3%

Shares of NGG stock opened at $73.64 on Thursday. 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 1 year low of $55.82 and a 1 year high of $74.82. The stock has a fifty day moving average of $71.26 and a two-hundred day moving average of $70.83. The firm has a market capitalization of $73.07 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

Analysts Set New Price Targets

NGG has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.