2,830 Shares in National Grid Transco, PLC $NGG Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. purchased a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,830 shares of the utilities provider’s stock, valued at approximately $211,000.

A number of other large investors have also added to or reduced their stakes in the stock. Sagespring Wealth Partners LLC grew its position in National Grid Transco by 81.9% during the second quarter. Sagespring Wealth Partners LLC now owns 7,429 shares of the utilities provider’s stock worth $553,000 after buying an additional 3,345 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of National Grid Transco by 191.2% in the 2nd quarter. TD Asset Management Inc now owns 19,997 shares of the utilities provider’s stock valued at $1,488,000 after purchasing an additional 13,129 shares in the last quarter. Naviter Wealth LLC boosted its holdings in shares of National Grid Transco by 6.1% in the 2nd quarter. Naviter Wealth LLC now owns 22,373 shares of the utilities provider’s stock valued at $1,708,000 after purchasing an additional 1,286 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of National Grid Transco by 1.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 26,535 shares of the utilities provider’s stock valued at $1,974,000 after purchasing an additional 340 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of National Grid Transco in the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Stock Up 0.3%

Shares of NGG opened at $76.93 on Monday. The company has a market capitalization of $76.33 billion, a PE ratio of 14.79, a PEG ratio of 1.76 and a beta of 0.70. National Grid Transco, PLC has a 12 month low of $55.82 and a 12 month high of $77.27. The stock’s 50-day moving average price is $72.25 and its two-hundred day moving average price is $71.82. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

Analyst Upgrades and Downgrades

NGG has been the topic of a number of research analyst reports. Zacks Research downgraded 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 Saturday. One equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.