Aquatic Capital Management LLC Has $4.76 Million Stake in National Grid Transco, PLC $NGG

Aquatic Capital Management LLC decreased its position in National Grid Transco, PLC (NYSE:NGG) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,535 shares of the utilities provider’s stock after selling 5,771 shares during the quarter. Aquatic Capital Management LLC’s holdings in National Grid Transco were worth $4,762,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of National Grid Transco by 21.5% in the second quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock valued at $342,017,000 after buying an additional 814,248 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of National Grid Transco by 2.1% during the second quarter. Federated Hermes Inc. now owns 3,200,004 shares of the utilities provider’s stock worth $238,112,000 after purchasing an additional 66,456 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of National Grid Transco by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 2,089,650 shares of the utilities provider’s stock valued at $151,855,000 after purchasing an additional 48,048 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of National Grid Transco by 1.9% in the third quarter. Natixis Advisors LLC now owns 2,011,143 shares of the utilities provider’s stock valued at $146,150,000 after purchasing an additional 36,984 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in National Grid Transco by 3.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,835,914 shares of the utilities provider’s stock worth $133,416,000 after purchasing an additional 61,168 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on NGG shares. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Thursday, February 5th. Zacks Research cut National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd. UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a research note on Monday. Finally, National Bank Financial set a $85.50 price target on shares of National Grid Transco in a research note on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $83.80.

National Grid Transco Trading Down 0.0%

NYSE:NGG opened at $90.88 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. National Grid Transco, PLC has a 1-year low of $62.13 and a 1-year high of $94.64. The business’s 50-day moving average price is $86.88 and its two-hundred day moving average price is $78.94.

National Grid Transco Company Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.