Natixis Advisors LLC Has $146.15 Million Holdings in National Grid Transco, PLC $NGG

Natixis Advisors LLC grew its position in National Grid Transco, PLC (NYSE:NGG) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,011,143 shares of the utilities provider’s stock after acquiring an additional 36,984 shares during the period. Natixis Advisors LLC owned about 0.20% of National Grid Transco worth $146,150,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of 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 during the last quarter. Cullen Capital Management LLC bought a new position in National Grid Transco in the 2nd quarter valued at about $56,462,000. JPMorgan Chase & Co. lifted its holdings in National Grid Transco by 23.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,041,602 shares of the utilities provider’s stock worth $151,916,000 after purchasing an additional 382,392 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of 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 buying an additional 282,085 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in National Grid Transco by 398.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 347,391 shares of the utilities provider’s stock worth $25,849,000 after purchasing an additional 277,756 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Stock Up 0.1%

NGG opened at $89.84 on Friday. The company has a fifty day moving average price of $85.37 and a two-hundred day moving average price of $78.08. National Grid Transco, PLC has a 1-year low of $60.13 and a 1-year high of $94.64. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NGG shares. Zacks Research upgraded National Grid Transco from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. National Bank Financial set a $85.50 target price on shares of National Grid Transco in a research note on Friday, December 12th. BNP Paribas Exane downgraded National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.