Hantz Financial Services Inc. Has $752,000 Position in National Grid Transco, PLC $NGG

Hantz Financial Services Inc. grew its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 138.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,346 shares of the utilities provider’s stock after buying an additional 6,006 shares during the quarter. Hantz Financial Services Inc.’s holdings in National Grid Transco were worth $752,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NGG. Bank of America Corp DE grew its stake in National Grid Transco by 21.5% in the second quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock valued at $342,017,000 after purchasing an additional 814,248 shares in the last quarter. Cullen Capital Management LLC bought a new position in shares of National Grid Transco in the second quarter valued at $56,462,000. Envestnet Asset Management Inc. increased its holdings in National Grid Transco by 29.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,774,746 shares of the utilities provider’s stock worth $132,059,000 after buying an additional 402,329 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in National Grid Transco by 23.0% during the second quarter. JPMorgan Chase & Co. now owns 2,041,602 shares of the utilities provider’s stock worth $151,916,000 after buying an additional 382,392 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position 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 acquiring an additional 282,085 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Stock Up 1.4%

NYSE NGG opened at $88.08 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $79.25 and a 200-day moving average of $75.28. National Grid Transco, PLC has a 1-year low of $59.35 and a 1-year high of $89.13.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NGG. National Bankshares set a $85.50 price objective on shares of National Grid Transco in a research note on Friday, December 12th. Citigroup restated a “neutral” rating on shares of National Grid Transco in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a research note on Thursday. Finally, BNP Paribas Exane cut shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.80.

About National Grid Transco

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.