William John Sempolinski Invests $1.14 Million in National Grid Transco, PLC $NGG

William John Sempolinski acquired a new stake in National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 13,732 shares of the utilities provider’s stock, valued at approximately $1,138,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in shares of National Grid Transco during the 3rd quarter valued at $25,000. Root Financial Partners LLC boosted its position in shares of National Grid Transco by 88.2% in the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake 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 purchasing an additional 162 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of National Grid Transco during the third quarter worth $28,000. Finally, Hilton Head Capital Partners LLC bought a new stake in National Grid Transco in the fourth quarter valued at about $34,000. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Down 0.1%

NYSE:NGG opened at $78.07 on Friday. National Grid Transco, PLC has a 1 year low of $69.72 and a 1 year high of $94.64. The stock has a 50-day moving average price of $81.19 and a two-hundred day moving average price of $84.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71.

Analyst Upgrades and Downgrades

NGG has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft downgraded shares of National Grid Transco from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Friday, July 17th. Finally, Wall Street Zen cut shares of National Grid Transco from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Grid Transco has an average rating of “Reduce” and an average target price of $85.50.

National Grid Transco Profile

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.