Checchi Capital Advisers LLC Grows Position in National Grid Transco, PLC $NGG

Checchi Capital Advisers LLC boosted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 6.9% in the second quarter, HoldingsChannel.com reports. The fund owned 3,483 shares of the utilities provider’s stock after purchasing an additional 226 shares during the period. Checchi Capital Advisers LLC’s holdings in National Grid Transco were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NGG. Golden State Wealth Management LLC purchased a new position in National Grid Transco during the 1st quarter valued at about $28,000. SJS Investment Consulting Inc. purchased a new position in National Grid Transco during the 1st quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new position in National Grid Transco during the 2nd quarter valued at about $35,000. Capital Analysts LLC boosted its holdings in National Grid Transco by 33.6% during the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 161 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in National Grid Transco by 197.3% during the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 582 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco Price Performance

NGG stock opened at $73.90 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The firm has a market capitalization of $73.33 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.67 and a beta of 0.70. The business’s 50-day moving average is $71.19 and its two-hundred day moving average is $70.81. National Grid Transco, PLC has a 1 year low of $55.82 and a 1 year high of $74.82.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Saturday, September 27th. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One investment 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, the company has a consensus rating of “Moderate Buy” and an average target price of $80.40.

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.