National Grid Transco, PLC $NGG Stock Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in National Grid Transco, PLC (NYSE:NGG – Free Report) by 236.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,266 shares of the utilities provider’s stock after purchasing an additional 45,169 shares during the period. TD Waterhouse Canada Inc.’s holdings in National Grid Transco were worth $4,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. James T. Borello RIA increased its position in National Grid Transco by 50.3% during the 3rd quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 145 shares during the period. Mather Group LLC. raised its stake in shares of National Grid Transco by 154.7% during the 3rd quarter. Mather Group LLC. now owns 1,490 shares of the utilities provider’s stock worth $113,000 after buying an additional 905 shares in the last quarter. First Pacific Financial raised its stake in shares of National Grid Transco by 2.2% during the 3rd quarter. First Pacific Financial now owns 20,555 shares of the utilities provider’s stock worth $1,559,000 after buying an additional 437 shares in the last quarter. Strategy Asset Managers LLC raised its stake in shares of National Grid Transco by 2.1% during the 3rd quarter. Strategy Asset Managers LLC now owns 50,687 shares of the utilities provider’s stock worth $3,843,000 after buying an additional 1,042 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of National Grid Transco by 7.1% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,714 shares of the utilities provider’s stock valued at $1,040,000 after buying an additional 912 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Stock Performance

NGG stock opened at $79.08 on Tuesday. National Grid Transco, PLC has a 52 week low of $73.37 and a 52 week high of $94.64. The company’s 50-day moving average price is $78.02 and its 200 day moving average price is $81.85. 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 Ratings Changes

A number of research firms recently weighed in on NGG. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday. UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a report on Monday, August 3rd. Wall Street Zen cut National Grid Transco from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of National Grid Transco in a research report on Monday, October 5th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of National Grid Transco in a report on Friday, September 25th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $80.33.

Read Our Latest Stock Report on National Grid Transco

About National Grid Transco

(Free Report)

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.

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