National Grid Transco, PLC $NGG Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its holdings in National Grid Transco, PLC (NYSE:NGG) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,537 shares of the utilities provider’s stock after selling 170 shares during the quarter. Cresset Asset Management LLC’s holdings in National Grid Transco were worth $232,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in National Grid Transco by 49.8% in the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock valued at $205,592,000 after purchasing an additional 1,041,918 shares during the period. Nuveen LLC purchased a new position in shares of National Grid Transco during the first quarter worth about $32,015,000. D. E. Shaw & Co. Inc. increased its position in National Grid Transco by 5,134.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 330,706 shares of the utilities provider’s stock valued at $19,651,000 after acquiring an additional 324,388 shares during the period. Envestnet Asset Management Inc. increased its position in National Grid Transco by 19.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock valued at $90,044,000 after acquiring an additional 228,179 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in National Grid Transco during the 1st quarter valued at approximately $10,705,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Price Performance

National Grid Transco stock opened at $71.08 on Wednesday. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $74.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The business has a fifty day moving average of $71.65 and a two-hundred day moving average of $68.90. The company has a market cap of $70.53 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.59 and a beta of 0.63.

Analyst Ratings Changes

Several research analysts have weighed in on NGG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of National Grid Transco in a research note on Wednesday, May 21st. Wall Street Zen lowered shares of National Grid Transco from a “hold” rating to a “sell” rating in a research report on Friday, May 16th. BNP Paribas raised shares of National Grid Transco from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 29th. BNP Paribas Exane assumed coverage on shares of National Grid Transco in a research note on Thursday, May 29th. They issued an “outperform” rating and a $80.40 target price for the company. Finally, Royal Bank Of Canada downgraded shares of National Grid Transco from an “outperform” rating to a “sector perform” rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.