Factory Mutual Insurance Co. Buys New Position in National Grid Transco, PLC $NGG

Factory Mutual Insurance Co. purchased a new stake in National Grid Transco, PLC (NYSE:NGG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,957 shares of the utilities provider’s stock, valued at approximately $4,430,000.

Other large investors have also bought and sold shares of the company. Salomon & Ludwin LLC grew its stake in shares of National Grid Transco by 4,218.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 464 shares in the last quarter. ESL Trust Services LLC boosted its holdings in National Grid Transco by 71.4% during the third quarter. ESL Trust Services LLC now owns 480 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Huntington National Bank grew its position in National Grid Transco by 41.1% in the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Parkside Financial Bank & Trust grew its position in National Grid Transco by 100.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 263 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in National Grid Transco in the 3rd quarter valued at about $39,000. 4.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a research note on Thursday, February 5th. BNP Paribas Exane lowered National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. Zacks Research raised National Grid Transco from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. National Bank Financial set a $85.50 target price on National Grid Transco in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.80.

National Grid Transco Stock Down 0.6%

Shares of NYSE NGG opened at $90.23 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. The stock has a fifty day simple moving average of $82.02 and a two-hundred day simple moving average of $76.48. National Grid Transco, PLC has a 1-year low of $59.35 and a 1-year high of $93.17.

National Grid Transco 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.