UBS Group AG Boosts Holdings in National Grid Transco, PLC $NGG

UBS Group AG lifted its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,020 shares of the utilities provider’s stock after purchasing an additional 19,491 shares during the period. UBS Group AG’s holdings in National Grid Transco were worth $18,566,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of National Grid Transco by 3.4% during the 3rd quarter. Bank of America Corp DE now owns 4,751,505 shares of the utilities provider’s stock worth $345,292,000 after acquiring an additional 155,118 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of National Grid Transco by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 2,089,650 shares of the utilities provider’s stock valued at $151,855,000 after purchasing an additional 48,048 shares during the period. Natixis Advisors LLC increased its position in National Grid Transco by 1.9% during the third quarter. Natixis Advisors LLC now owns 2,011,143 shares of the utilities provider’s stock worth $146,150,000 after purchasing an additional 36,984 shares during the last quarter. Envestnet Asset Management Inc. increased its position in National Grid Transco by 3.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,835,914 shares of the utilities provider’s stock worth $133,416,000 after purchasing an additional 61,168 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in National Grid Transco by 20.3% during the second quarter. Raymond James Financial Inc. now owns 1,671,746 shares of the utilities provider’s stock worth $124,395,000 after purchasing an additional 282,085 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NGG shares. The Goldman Sachs Group restated a “neutral” rating on shares of National Grid Transco in a report on Monday, March 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research note on Wednesday, April 15th. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. Finally, UBS Group reiterated a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, National Grid Transco presently has an average rating of “Hold” and an average price target of $83.80.

National Grid Transco Price Performance

National Grid Transco stock opened at $87.15 on Tuesday. The company’s 50 day simple moving average is $87.63 and its 200-day simple moving average is $82.81. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. National Grid Transco, PLC has a 1 year low of $67.08 and a 1 year high of $94.64.

National Grid Transco 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.