Venturi Wealth Management LLC Purchases 362 Shares of National Grid Transco, PLC $NGG

Venturi Wealth Management LLC grew its position in National Grid Transco, PLC (NYSE:NGG) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,629 shares of the utilities provider’s stock after purchasing an additional 362 shares during the quarter. Venturi Wealth Management LLC’s holdings in National Grid Transco were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in shares of National Grid Transco in the second quarter valued at approximately $233,000. DAVENPORT & Co LLC raised its position in shares of National Grid Transco by 10.1% in the second quarter. DAVENPORT & Co LLC now owns 89,706 shares of the utilities provider’s stock valued at $6,675,000 after purchasing an additional 8,209 shares during the period. Checchi Capital Advisers LLC raised its position in shares of National Grid Transco by 6.9% in the second quarter. Checchi Capital Advisers LLC now owns 3,483 shares of the utilities provider’s stock valued at $259,000 after purchasing an additional 226 shares during the period. Hennessy Advisors Inc. raised its position in shares of National Grid Transco by 5.9% in the second quarter. Hennessy Advisors Inc. now owns 211,044 shares of the utilities provider’s stock valued at $15,704,000 after purchasing an additional 11,700 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of National Grid Transco by 50.0% in the second quarter. QRG Capital Management Inc. now owns 83,182 shares of the utilities provider’s stock valued at $6,190,000 after purchasing an additional 27,741 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Down 0.4%

Shares of National Grid Transco stock opened at $73.34 on Friday. The company’s fifty day simple moving average is $71.32 and its 200-day simple moving average is $70.90. The company has a market cap of $72.77 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.67 and a beta of 0.70. 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, PLC has a 1 year low of $55.82 and a 1 year high of $74.82.

Analyst Upgrades and Downgrades

NGG has been the topic of a number of recent analyst reports. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.