National Grid Transco, PLC $NGG Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in National Grid Transco, PLC (NYSE:NGG) by 22.2% in the third quarter, HoldingsChannel.com reports. The fund owned 34,007 shares of the utilities provider’s stock after acquiring an additional 6,175 shares during the period. Vise Technologies Inc.’s holdings in National Grid Transco were worth $2,578,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of National Grid Transco by 44.1% in the 1st quarter. First Trust Advisors LP now owns 26,665 shares of the utilities provider’s stock worth $2,256,000 after buying an additional 8,162 shares during the period. William John Sempolinski purchased a new position in National Grid Transco during the 2nd quarter valued at about $1,138,000. QRG Capital Management Inc. lifted its position in National Grid Transco by 7.2% during the 2nd quarter. QRG Capital Management Inc. now owns 109,112 shares of the utilities provider’s stock valued at $9,042,000 after acquiring an additional 7,370 shares during the period. TD Waterhouse Canada Inc. boosted its stake in National Grid Transco by 236.5% during the third quarter. TD Waterhouse Canada Inc. now owns 64,266 shares of the utilities provider’s stock worth $4,841,000 after acquiring an additional 45,169 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in National Grid Transco by 24.4% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 317,204 shares of the utilities provider’s stock worth $24,050,000 after purchasing an additional 62,127 shares during the period. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of a number of analyst reports. UBS Group reissued a “sell” rating on shares of National Grid Transco in a research report on Monday, August 3rd. Berenberg Bank reaffirmed a “neutral” rating on shares of National Grid Transco in a research report on Friday, July 10th. Sanford C. Bernstein reiterated a “buy” rating on shares of National Grid Transco in a research note on Friday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of National Grid Transco in a research note on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Grid Transco currently has an average rating of “Hold” and an average target price of $80.33.

National Grid Transco Price Performance

Shares of NYSE:NGG opened at $85.18 on Thursday. The stock’s 50-day simple moving average is $78.52 and its two-hundred day simple moving average is $83.31. National Grid Transco, PLC has a 52-week low of $73.37 and a 52-week high of $94.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.