US Bancorp DE Has $2.91 Million Stake in National Grid Transco, PLC $NGG

US Bancorp DE increased its position in National Grid Transco, PLC (NYSE:NGG) by 7.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 39,115 shares of the utilities provider’s stock after purchasing an additional 2,602 shares during the period. US Bancorp DE’s holdings in National Grid Transco were worth $2,911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in National Grid Transco in the 1st quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in National Grid Transco in the 2nd quarter worth approximately $35,000. Capital Analysts LLC lifted its position in National Grid Transco by 33.6% in the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock worth $42,000 after buying an additional 161 shares in the last quarter. Sound Income Strategies LLC lifted its position in National Grid Transco by 197.3% in the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock worth $58,000 after buying an additional 582 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock worth $62,000 after buying an additional 657 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Stock Performance

NYSE:NGG opened at $74.29 on Wednesday. National Grid Transco, PLC has a 1 year low of $55.82 and a 1 year high of $74.82. The firm’s fifty day simple moving average is $71.43 and its 200 day simple moving average is $71.15. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $73.72 billion, a PE ratio of 14.29, a PEG ratio of 1.66 and a beta of 0.70.

Wall Street Analyst Weigh In

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

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.