Crossmark Global Holdings Inc. Raises Stock Position in National Grid Transco, PLC $NGG

Crossmark Global Holdings Inc. lifted its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,958 shares of the utilities provider’s stock after acquiring an additional 7,432 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in National Grid Transco were worth $9,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Natural Investments LLC increased its position in shares of National Grid Transco by 1.2% during the fourth quarter. Natural Investments LLC now owns 11,617 shares of the utilities provider’s stock worth $898,000 after acquiring an additional 133 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in National Grid Transco by 14.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,109 shares of the utilities provider’s stock valued at $81,000 after buying an additional 137 shares during the period. Cozad Asset Management Inc. increased its holdings in National Grid Transco by 4.4% during the third quarter. Cozad Asset Management Inc. now owns 3,320 shares of the utilities provider’s stock valued at $241,000 after buying an additional 140 shares during the period. IFP Advisors Inc increased its holdings in National Grid Transco by 28.1% during the third quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock valued at $50,000 after buying an additional 152 shares during the period. Finally, Huntington National Bank increased its holdings in National Grid Transco by 30.9% during the third quarter. Huntington National Bank now owns 656 shares of the utilities provider’s stock valued at $48,000 after buying an additional 155 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on NGG. UBS Group reissued a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. The Goldman Sachs Group reissued a “neutral” rating on shares of National Grid Transco in a report on Monday, March 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. Finally, Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, National Grid Transco currently has a consensus rating of “Hold” and an average price target of $83.80.

National Grid Transco Price Performance

Shares of NGG opened at $86.92 on Friday. National Grid Transco, PLC has a twelve month low of $67.08 and a twelve month high of $94.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. The company has a 50 day moving average of $87.90 and a two-hundred day moving average of $82.66.

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.