Envestnet Portfolio Solutions Inc. Has $3.95 Million Stake in National Grid Transco, PLC $NGG

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,039 shares of the utilities provider’s stock after buying an additional 1,811 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in National Grid Transco were worth $3,947,000 at the end of the most recent quarter.

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

National Grid Transco Stock Up 1.0%

NYSE NGG opened at $75.03 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The firm has a 50-day simple moving average of $71.48 and a 200 day simple moving average of $71.18. National Grid Transco, PLC has a twelve month low of $55.82 and a twelve month high of $75.16. The stock has a market cap of $74.44 billion, a PE ratio of 14.43, a PEG ratio of 1.68 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research cut 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 given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.40.

National Grid Transco Company 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.