PDS Planning Inc Has $273,000 Stock Holdings in National Grid Transco, PLC $NGG

PDS Planning Inc lifted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,673 shares of the utilities provider’s stock after purchasing an additional 371 shares during the period. PDS Planning Inc’s holdings in National Grid Transco were worth $273,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NGG. Federated Hermes Inc. increased its stake in shares of National Grid Transco by 49.8% during the 1st quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock worth $205,592,000 after purchasing an additional 1,041,918 shares during the last quarter. Nuveen LLC acquired a new position in National Grid Transco in the 1st quarter valued at about $32,015,000. Raymond James Financial Inc. grew its stake in National Grid Transco by 22.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock valued at $91,176,000 after buying an additional 256,645 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in National Grid Transco by 19.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock valued at $90,044,000 after buying an additional 228,179 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its stake in National Grid Transco by 25.9% in the 1st quarter. Clark Capital Management Group Inc. now owns 895,628 shares of the utilities provider’s stock valued at $58,762,000 after buying an additional 184,006 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Stock Performance

NYSE NGG opened at $74.49 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $73.91 billion, a P/E ratio of 14.33, a P/E/G ratio of 1.69 and a beta of 0.70. National Grid Transco, PLC has a 12-month low of $55.82 and a 12-month high of $74.82. The firm has a 50-day moving average price of $71.38 and a two-hundred day moving average price of $71.08.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NGG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.