Janney Montgomery Scott LLC Acquires 5,981 Shares of National Grid Transco, PLC $NGG

Janney Montgomery Scott LLC raised its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,299 shares of the utilities provider’s stock after purchasing an additional 5,981 shares during the quarter. Janney Montgomery Scott LLC’s holdings in National Grid Transco were worth $7,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in National Grid Transco during the second quarter valued at $276,000. GC Wealth Management RIA LLC bought a new stake in shares of National Grid Transco in the 2nd quarter worth about $336,000. V Square Quantitative Management LLC bought a new stake in shares of National Grid Transco in the 2nd quarter worth about $35,000. Signaturefd LLC lifted its holdings in shares of National Grid Transco by 11.7% in the 2nd quarter. Signaturefd LLC now owns 20,248 shares of the utilities provider’s stock worth $1,507,000 after acquiring an additional 2,121 shares during the last quarter. Finally, Old Port Advisors lifted its holdings in shares of National Grid Transco by 0.7% in the 2nd quarter. Old Port Advisors now owns 49,772 shares of the utilities provider’s stock worth $3,704,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Up 1.2%

Shares of NGG opened at $73.40 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.66 and a beta of 0.70. The company has a 50-day moving average of $71.05 and a 200 day moving average of $70.71. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $74.82.

Analyst Upgrades and Downgrades

NGG has been the subject of several analyst reports. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Saturday, September 27th. One research 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 company’s stock. According to MarketBeat, National Grid Transco has a consensus rating of “Moderate Buy” and a consensus price target 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.