M. Kulyk & Associates LLC Raises Stock Holdings in National Grid Transco, PLC $NGG

M. Kulyk & Associates LLC increased its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 87,068 shares of the utilities provider’s stock after acquiring an additional 9,953 shares during the period. M. Kulyk & Associates LLC’s holdings in National Grid Transco were worth $6,735,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NGG. Johnson Financial Group Inc. purchased a new stake in National Grid Transco in the third quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of National Grid Transco during the third quarter valued at $28,000. Salomon & Ludwin LLC boosted its stake in shares of National Grid Transco by 4,218.2% during the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 464 shares during the period. ESL Trust Services LLC grew its holdings in shares of National Grid Transco by 71.4% in 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. Finally, Ancora Advisors LLC bought a new position in shares of National Grid Transco in the third quarter worth about $36,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Price Performance

NYSE:NGG opened at $81.95 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14. National Grid Transco, PLC has a 1-year low of $62.13 and a 1-year high of $94.64. The company has a 50-day moving average of $87.41 and a 200 day moving average of $79.34.

Analyst Ratings Changes

A number of brokerages recently weighed in on NGG. Citigroup reiterated a “neutral” rating on shares of National Grid Transco in a report on Monday, January 26th. UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a research report on Monday, March 16th. BNP Paribas Exane downgraded shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research note on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.80.

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.