V Square Quantitative Management LLC Buys New Stake in National Grid Transco, PLC $NGG

V Square Quantitative Management LLC bought a new stake in National Grid Transco, PLC (NYSE:NGG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 466 shares of the utilities provider’s stock, valued at approximately $35,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in National Grid Transco in the 1st quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. increased its holdings in National Grid Transco by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider’s stock valued at $907,000 after purchasing an additional 500 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in National Grid Transco in the 1st quarter valued at approximately $308,000. Kingswood Wealth Advisors LLC increased its holdings in National Grid Transco by 25.5% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of National Grid Transco by 97.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,481 shares of the utilities provider’s stock worth $624,000 after acquiring an additional 4,675 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.40.

National Grid Transco Price Performance

National Grid Transco stock opened at $72.54 on Friday. The stock has a market cap of $71.97 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70. The company has a fifty day simple moving average of $71.03 and a 200-day simple moving average of $70.56. National Grid Transco, PLC has a 12-month low of $55.82 and a 12-month high of $74.82. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

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.