HBK Sorce Advisory LLC Acquires 291 Shares of National Grid Transco, PLC $NGG

by · The Cerbat Gem

HBK Sorce Advisory LLC raised its holdings in National Grid Transco, PLC (NYSE:NGG – Free Report) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,398 shares of the utilities provider’s stock after buying an additional 291 shares during the period. HBK Sorce Advisory LLC’s holdings in National Grid Transco were worth $550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in National Grid Transco in the first quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in National Grid Transco in the second quarter valued at approximately $31,000. V Square Quantitative Management LLC bought a new stake in National Grid Transco in the second quarter valued at approximately $35,000. Capital Analysts LLC raised its stake in National Grid Transco by 33.6% in the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after buying an additional 161 shares during the period. Finally, Bessemer Group Inc. raised its stake in National Grid Transco by 216.8% in the first quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock valued at $62,000 after buying an additional 657 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Stock Down 1.0%

NYSE NGG opened at $75.30 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average of $72.73 and a 200-day moving average of $72.10. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $77.35.

Analyst Ratings Changes

Several equities research analysts have issued reports on NGG shares. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.40.

View Our Latest Research Report on NGG

National Grid Transco Profile

(Free Report)

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.

See Also

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