TD Asset Management Inc Buys 13,129 Shares of National Grid Transco, PLC $NGG

TD Asset Management Inc raised its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 191.2% in the 2nd quarter, Holdings Channel reports. The firm owned 19,997 shares of the utilities provider’s stock after purchasing an additional 13,129 shares during the quarter. TD Asset Management Inc’s holdings in National Grid Transco were worth $1,488,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Federated Hermes Inc. raised its position in 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. Goldman Sachs Group Inc. raised its position in National Grid Transco by 4.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock worth $132,064,000 after purchasing an additional 94,839 shares during the last quarter. Royal Bank of Canada raised its position in National Grid Transco by 7.9% during the 1st quarter. Royal Bank of Canada now owns 1,880,406 shares of the utilities provider’s stock worth $123,375,000 after purchasing an additional 137,541 shares during the last quarter. Raymond James Financial Inc. raised its position in National Grid Transco by 22.7% during the 1st quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock worth $91,176,000 after purchasing an additional 256,645 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in National Grid Transco by 19.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock worth $90,044,000 after purchasing an additional 228,179 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Performance

Shares of National Grid Transco stock opened at $76.92 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $72.03 and a two-hundred day moving average price of $71.53. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $77.25. The company has a market cap of $76.32 billion, a P/E ratio of 14.79, a PEG ratio of 1.73 and a beta of 0.70.

Analysts Set New Price Targets

NGG has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research downgraded 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 given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.