Yousif Capital Management LLC Increases Stock Position in National Grid Transco, PLC $NGG

Yousif Capital Management LLC boosted its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 8.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,084 shares of the utilities provider’s stock after acquiring an additional 925 shares during the quarter. Yousif Capital Management LLC’s holdings in National Grid Transco were worth $899,000 at the end of the most recent quarter.

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

National Grid Transco Stock Down 0.4%

Shares of NYSE:NGG opened at $76.33 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $77.17. The firm’s 50 day moving average price is $71.91 and its 200 day moving average price is $71.49. The stock has a market cap of $75.74 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.73 and a beta of 0.70.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NGG. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research 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 research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, National Grid Transco currently has a consensus rating of “Moderate Buy” and an average target price of $80.40.

About National Grid Transco

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.