National Grid Transco, PLC $NGG Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 8.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,084 shares of the utilities provider’s stock after acquiring an additional 925 shares during the period. Yousif Capital Management LLC’s holdings in National Grid Transco were worth $899,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NGG. Federated Hermes Inc. raised its position in National Grid Transco by 49.8% during the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock worth $205,592,000 after acquiring an additional 1,041,918 shares during the period. Nuveen LLC acquired a new position in National Grid Transco during the first quarter worth $32,015,000. Raymond James Financial Inc. raised its position in National Grid Transco by 22.7% during the first quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock worth $91,176,000 after acquiring an additional 256,645 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of National Grid Transco by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock worth $90,044,000 after buying an additional 228,179 shares in the last quarter. Finally, Clark Capital Management Group Inc. grew its holdings in shares of National Grid Transco by 25.9% during the first quarter. Clark Capital Management Group Inc. now owns 895,628 shares of the utilities provider’s stock worth $58,762,000 after buying an additional 184,006 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Trading Down 0.4%

Shares of NGG opened at $76.33 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a 12-month low of $55.82 and a 12-month high of $77.17. The firm has a 50-day moving average price of $71.91 and a 200 day moving average price of $71.49. The firm has a market capitalization of $75.74 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.73 and a beta of 0.70.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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 reaffirmed a “hold (c)” rating on shares of National Grid Transco in a report 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 stock. According to MarketBeat, the stock currently has an average 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.