Trust Co. of Vermont Boosts Stake in National Grid Transco, PLC $NGG

Trust Co. of Vermont grew its holdings in National Grid Transco, PLC (NYSE:NGG) by 526.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,146 shares of the utilities provider’s stock after purchasing an additional 963 shares during the quarter. Trust Co. of Vermont’s holdings in National Grid Transco were worth $85,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. lifted its position in National Grid Transco by 49.8% during the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock worth $205,592,000 after buying an additional 1,041,918 shares in the last quarter. Nuveen LLC purchased a new position in shares of National Grid Transco during the 1st quarter worth $32,015,000. Raymond James Financial Inc. grew its holdings in shares of National Grid Transco by 22.7% in the first quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock valued at $91,176,000 after purchasing an additional 256,645 shares during the period. Envestnet Asset Management Inc. increased its position in National Grid Transco by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock worth $90,044,000 after purchasing an additional 228,179 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its stake in National Grid Transco by 25.9% during the first quarter. Clark Capital Management Group Inc. now owns 895,628 shares of the utilities provider’s stock worth $58,762,000 after purchasing an additional 184,006 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Trading Down 0.4%

Shares of NGG stock opened at $72.54 on Friday. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $74.82. The firm has a market cap of $71.97 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70. The company has a 50-day moving average of $71.03 and a two-hundred day moving average of $70.56. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.40.

National Grid Transco Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.