Vise Technologies Inc. Purchases 6,175 Shares of National Grid Transco, PLC $NGG

Vise Technologies Inc. increased its position in shares of National Grid Transco, PLC (NYSE:NGG) by 22.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,007 shares of the utilities provider’s stock after purchasing an additional 6,175 shares during the quarter. Vise Technologies Inc.’s holdings in National Grid Transco were worth $2,578,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. James T. Borello RIA boosted its stake in National Grid Transco by 50.3% in the third quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 145 shares during the last quarter. First Horizon Corp increased its stake in shares of National Grid Transco by 235.0% during the 1st quarter. First Horizon Corp now owns 459 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 322 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of National Grid Transco during the 3rd quarter worth approximately $41,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of National Grid Transco in the 2nd quarter worth approximately $61,000. Finally, Avion Wealth bought a new stake in shares of National Grid Transco in the 1st quarter worth approximately $62,000. 4.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Berenberg Bank reissued a “neutral” rating on shares of National Grid Transco in a research report on Friday, July 10th. UBS Group restated a “sell” rating on shares of National Grid Transco in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Sanford C. Bernstein reiterated a “buy” rating on shares of National Grid Transco in a research note on Friday, September 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.33.

National Grid Transco Stock Performance

Shares of NYSE NGG opened at $85.18 on Thursday. National Grid Transco, PLC has a 12 month low of $73.37 and a 12 month high of $94.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71. The business has a 50-day moving average of $78.52 and a 200-day moving average of $83.31.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.