Charles Schwab Investment Management Inc. Boosts Stock Holdings in National Grid Transco, PLC $NGG

Charles Schwab Investment Management Inc. grew its position in shares of National Grid Transco, PLC (NYSE:NGG) by 34.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,609 shares of the utilities provider’s stock after buying an additional 22,596 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in National Grid Transco were worth $5,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NGG. Golden State Wealth Management LLC purchased a new stake in shares of National Grid Transco during the first quarter valued at approximately $28,000. SJS Investment Consulting Inc. purchased a new stake in shares of National Grid Transco during the first quarter valued at approximately $29,000. Sound Income Strategies LLC boosted its holdings in National Grid Transco by 197.3% in the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 582 shares during the last quarter. Bessemer Group Inc. boosted 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 worth $62,000 after buying an additional 657 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in National Grid Transco in the first quarter valued at about $71,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

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

National Grid Transco Stock Up 1.0%

Shares of NGG stock opened at $71.75 on Thursday. The company has a market capitalization of $71.19 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.61 and a beta of 0.63. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $74.82. The company’s fifty day moving average price is $71.66 and its 200-day moving average price is $68.92. 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.