Callan Family Office LLC Makes New Investment in National Grid Transco, PLC $NGG

Callan Family Office LLC acquired a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,404 shares of the utilities provider’s stock, valued at approximately $1,369,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC increased its stake in shares of National Grid Transco by 4.0% in the 1st quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 140 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of 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 increased its stake in shares of 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 increased its stake 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 valued at $42,000 after purchasing an additional 161 shares during the last quarter. Finally, Barry Investment Advisors LLC increased its stake in shares of National Grid Transco by 1.9% in the 1st quarter. Barry Investment Advisors LLC now owns 9,246 shares of the utilities provider’s stock valued at $607,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.40.

National Grid Transco Stock Up 1.6%

Shares of NGG opened at $74.49 on Monday. The company has a market capitalization of $73.91 billion, a PE ratio of 14.33, a PEG ratio of 1.69 and a beta of 0.70. National Grid Transco, PLC has a 12 month low of $55.82 and a 12 month high of $74.82. The stock’s 50-day moving average price is $71.38 and its two-hundred day moving average price is $71.08. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

About National Grid Transco

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.