Valeo Financial Advisors LLC Buys Shares of 3,126 National Grid Transco, PLC $NGG

Valeo Financial Advisors LLC purchased a new stake in shares of National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,126 shares of the utilities provider’s stock, valued at approximately $233,000.

Several other institutional investors have also recently made changes to their positions in NGG. Golden State Wealth Management LLC acquired a new stake in National Grid Transco during the first quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in shares of National Grid Transco during the 2nd quarter worth $35,000. Capital Analysts LLC lifted its position 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 last quarter. Sound Income Strategies LLC lifted its position in National Grid Transco by 197.3% in the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after buying an additional 582 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position 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 last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NGG. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, National Grid Transco currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.40.

National Grid Transco Trading Up 1.6%

Shares of NGG stock opened at $74.49 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The stock has a market capitalization of $73.91 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. The company has a 50 day moving average price of $71.38 and a 200 day moving average price of $70.98.

National Grid Transco Profile

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.