National Grid Transco, PLC $NGG Shares Acquired by Code Waechter LLC

Code Waechter LLC lifted its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 37.9% during the second quarter, Holdings Channel reports. The fund owned 11,540 shares of the utilities provider’s stock after purchasing an additional 3,173 shares during the quarter. Code Waechter LLC’s holdings in National Grid Transco were worth $859,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Federated Hermes Inc. boosted its stake in shares of 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 valued at $205,592,000 after acquiring an additional 1,041,918 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of National Grid Transco by 4.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock valued at $132,064,000 after acquiring an additional 94,839 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of National Grid Transco by 7.9% during the first quarter. Royal Bank of Canada now owns 1,880,406 shares of the utilities provider’s stock valued at $123,375,000 after acquiring an additional 137,541 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of National Grid Transco by 29.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,774,746 shares of the utilities provider’s stock valued at $132,059,000 after acquiring an additional 402,329 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of 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 valued at $91,176,000 after acquiring an additional 256,645 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on NGG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.40.

National Grid Transco Stock Down 0.7%

NYSE NGG opened at $74.73 on Tuesday. The business’s 50-day moving average price is $72.81 and its 200 day moving average price is $72.13. National Grid Transco, PLC has a twelve month low of $55.82 and a twelve month high of $77.35. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

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.