National Grid Transco, PLC $NGG Holdings Raised by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 1,937.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,340 shares of the utilities provider’s stock after buying an additional 4,127 shares during the period. Hantz Financial Services Inc.’s holdings in National Grid Transco were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NGG. Federated Hermes Inc. raised its holdings in shares of National Grid Transco by 49.8% during the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock worth $205,592,000 after acquiring an additional 1,041,918 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in National Grid Transco by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock valued at $132,064,000 after purchasing an additional 94,839 shares in the last quarter. Royal Bank of Canada increased its position in National Grid Transco by 7.9% in the 1st quarter. Royal Bank of Canada now owns 1,880,406 shares of the utilities provider’s stock worth $123,375,000 after purchasing an additional 137,541 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of National Grid Transco by 29.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,774,746 shares of the utilities provider’s stock worth $132,059,000 after purchasing an additional 402,329 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of National Grid Transco by 22.7% during the 1st quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock worth $91,176,000 after purchasing an additional 256,645 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco Trading Down 1.0%

Shares of NYSE NGG opened at $75.30 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The business’s 50-day simple moving average is $72.73 and its 200-day simple moving average is $72.12. National Grid Transco, PLC has a 52 week low of $55.82 and a 52 week high of $77.35.

Wall Street Analysts Forecast Growth

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