Callan Family Office LLC Makes New $1.37 Million Investment in National Grid Transco, PLC $NGG

Callan Family Office LLC bought a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 18,404 shares of the utilities provider’s stock, valued at approximately $1,369,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of National Grid Transco in the 1st quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in shares of National Grid Transco in the 2nd quarter valued at about $35,000. Capital Analysts LLC lifted its stake in shares of National Grid Transco by 33.6% in the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 161 shares during the period. Sound Income Strategies LLC lifted its stake in shares of National Grid Transco by 197.3% in the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 582 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 657 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.40.

National Grid Transco Stock Performance

Shares of National Grid Transco stock opened at $74.49 on Monday. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $74.82. The firm has a market capitalization of $73.91 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.69 and a beta of 0.70. The business has a 50-day simple moving average of $71.38 and a 200 day simple moving average of $71.08. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30.

National Grid Transco 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.