Legacy Financial Advisors Inc. Makes New Investment in National Grid Transco, PLC $NGG

Legacy Financial Advisors Inc. purchased a new stake in shares of National Grid Transco, PLC (NYSE:NGG) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 6,760 shares of the utilities provider’s stock, valued at approximately $491,000.

Other hedge funds also recently modified their holdings of the company. Salomon & Ludwin LLC increased its position in shares of National Grid Transco by 4,218.2% during the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 464 shares during the period. ESL Trust Services LLC boosted its stake in National Grid Transco by 71.4% during the third quarter. ESL Trust Services LLC now owns 480 shares of the utilities provider’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Huntington National Bank increased its holdings in National Grid Transco by 41.1% in the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock valued at $37,000 after buying an additional 146 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of National Grid Transco by 100.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock valued at $39,000 after buying an additional 263 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of National Grid Transco in the 3rd quarter valued at $39,000. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Up 1.2%

NYSE:NGG opened at $91.40 on Tuesday. The stock’s fifty day moving average price is $82.64 and its two-hundred day moving average price is $76.80. National Grid Transco, PLC has a 52-week low of $59.35 and a 52-week high of $93.17. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research report on Thursday, February 5th. BNP Paribas Exane lowered National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd. 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 price target on National Grid Transco in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.