12,974 Shares in National Grid Transco, PLC $NGG Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in 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 (SEC). The fund bought 12,974 shares of the utilities provider’s stock, valued at approximately $1,075,000.

Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of National Grid Transco during the 1st quarter valued at about $490,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in National Grid Transco by 79.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,966 shares of the utilities provider’s stock worth $2,360,000 after buying an additional 15,873 shares during the last quarter. NewEdge Advisors LLC raised its position in National Grid Transco by 12.5% during the first quarter. NewEdge Advisors LLC now owns 8,767 shares of the utilities provider’s stock valued at $575,000 after acquiring an additional 971 shares in the last quarter. Focus Partners Wealth raised its position in National Grid Transco by 11.1% during the first quarter. Focus Partners Wealth now owns 10,375 shares of the utilities provider’s stock valued at $681,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in National Grid Transco in the second quarter valued at approximately $221,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Trading Down 0.1%

Shares of NGG opened at $78.05 on Wednesday. National Grid Transco, PLC has a one year low of $69.77 and a one year high of $94.64. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average price is $80.98 and its 200 day moving average price is $84.28.

Analysts Set New Price Targets

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

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company that owns and operates electricity and gas networks in the United Kingdom and the northeastern United States. Its activities focus on transporting and distributing energy rather than primarily generating it, making the company a key link between energy producers and residential, commercial and industrial customers.

In the United Kingdom, National Grid operates the high-voltage electricity transmission network in England and Wales and owns electricity distribution networks in several regions.