Stratos Wealth Partners LTD. Grows Stake in National Grid Transco, PLC $NGG

Stratos Wealth Partners LTD. boosted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 221.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,106 shares of the utilities provider’s stock after purchasing an additional 6,276 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in National Grid Transco were worth $662,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in shares of National Grid Transco by 2.2% in the third quarter. Oppenheimer & Co. Inc. now owns 8,902 shares of the utilities provider’s stock valued at $647,000 after buying an additional 194 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in National Grid Transco by 9.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 145,465 shares of the utilities provider’s stock valued at $10,571,000 after acquiring an additional 12,618 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in National Grid Transco by 39.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 8,102 shares of the utilities provider’s stock valued at $582,000 after acquiring an additional 2,288 shares in the last quarter. HighPoint Advisor Group LLC raised its position in National Grid Transco by 7.1% during the third quarter. HighPoint Advisor Group LLC now owns 10,546 shares of the utilities provider’s stock worth $766,000 after acquiring an additional 698 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in National Grid Transco by 127.0% during the third quarter. Bessemer Group Inc. now owns 588 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Up 0.1%

NGG stock opened at $92.49 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. National Grid Transco, PLC has a 52-week low of $59.35 and a 52-week high of $93.17. The stock’s fifty day simple moving average is $81.38 and its 200-day simple moving average is $76.28.

Wall Street Analyst Weigh In

Several analysts have recently commented on NGG shares. Zacks Research upgraded shares of 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 note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a report on Thursday, February 5th. Finally, Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Monday, January 26th. One 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 MarketBeat.com, National Grid Transco currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.80.

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.