JPMorgan Chase & Co. Has $151.86 Million Stock Holdings in National Grid Transco, PLC $NGG

JPMorgan Chase & Co. raised its position in National Grid Transco, PLC (NYSE:NGG) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 2,089,650 shares of the utilities provider’s stock after buying an additional 48,048 shares during the quarter. JPMorgan Chase & Co.’s holdings in National Grid Transco were worth $151,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of National Grid Transco during the second quarter valued at $487,000. Creative Planning raised its holdings in National Grid Transco by 23.3% during the 2nd quarter. Creative Planning now owns 89,239 shares of the utilities provider’s stock worth $6,640,000 after purchasing an additional 16,857 shares during the last quarter. Summit Global Investments lifted its position in National Grid Transco by 19.1% during the 2nd quarter. Summit Global Investments now owns 53,559 shares of the utilities provider’s stock valued at $3,985,000 after purchasing an additional 8,603 shares during the period. Osaic Holdings Inc. boosted its stake in shares of National Grid Transco by 189.2% in the 2nd quarter. Osaic Holdings Inc. now owns 111,083 shares of the utilities provider’s stock valued at $7,604,000 after purchasing an additional 72,673 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of National Grid Transco during the 3rd quarter worth approximately $586,000. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Stock Up 0.1%

NYSE:NGG opened at $90.33 on Friday. National Grid Transco, PLC has a 1 year low of $59.35 and a 1 year high of $93.17. The stock has a 50-day moving average price of $82.33 and a two-hundred day moving average price of $76.63. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Thursday, February 5th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research note on Monday, January 26th. Zacks Research raised National Grid Transco from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, National Bank Financial set a $85.50 target price on National Grid Transco in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, National Grid Transco currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.80.

National Grid Transco Company Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.