Verition Fund Management LLC Invests $572,000 in National Grid Transco, PLC (NGG) Stock

Verition Fund Management LLC purchased a new stake in shares of National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,098 shares of the utilities provider’s stock, valued at approximately $572,000.

A number of other large investors have also recently modified their holdings of NGG. Arrowstreet Capital Limited Partnership lifted its holdings in National Grid Transco, PLC by 172.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,263,824 shares of the utilities provider’s stock valued at $79,393,000 after purchasing an additional 799,514 shares in the last quarter. Reaves W H & Co. Inc. lifted its holdings in National Grid Transco, PLC by 190.2% during the second quarter. Reaves W H & Co. Inc. now owns 468,260 shares of the utilities provider’s stock valued at $29,416,000 after purchasing an additional 306,919 shares in the last quarter. Bank of Montreal Can lifted its holdings in National Grid Transco, PLC by 53.0% during the second quarter. Bank of Montreal Can now owns 535,735 shares of the utilities provider’s stock valued at $33,656,000 after purchasing an additional 185,620 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in National Grid Transco, PLC by 46.3% during the first quarter. JPMorgan Chase & Co. now owns 234,161 shares of the utilities provider’s stock valued at $14,865,000 after purchasing an additional 74,111 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in National Grid Transco, PLC by 7.3% during the first quarter. Nuveen Asset Management LLC now owns 1,008,313 shares of the utilities provider’s stock valued at $65,651,000 after purchasing an additional 68,187 shares in the last quarter. 5.11% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. Citigroup Inc. raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. HSBC Holdings plc downgraded shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. BidaskClub downgraded shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a report on Thursday, June 29th. Finally, Berenberg Bank raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.00.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/verition-fund-management-llc-invests-572000-in-national-grid-transco-plc-ngg-stock.html.

National Grid Transco, PLC (NYSE:NGG) traded up 0.0752% during trading on Wednesday, hitting $62.1467. 61,351 shares of the stock traded hands. National Grid Transco, PLC has a 52-week low of $60.08 and a 52-week high of $75.29. The stock has a market cap of $42.77 billion, a P/E ratio of 4.1864 and a beta of 0.43. The stock has a 50 day moving average price of $63.75 and a 200-day moving average price of $65.92.

National Grid Transco, PLC Company Profil

A number of other large investors have also recently modified their holdings of NGG. Arrowstreet Capital Limited Partnership lifted its holdings in National Grid Transco, PLC by 172.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,263,824 shares of the utilities provider’s stock valued at $79,393,000 after purchasing an additional 799,514 shares in the last quarter. Reaves W H & Co. Inc. lifted its holdings in National Grid Transco, PLC by 190.2% during the second quarter. Reaves W H & Co. Inc. now owns 468,260 shares of the utilities provider’s stock valued at $29,416,000 after purchasing an additional 306,919 shares in the last quarter. Bank of Montreal Can lifted its holdings in National Grid Transco, PLC by 53.0% during the second quarter. Bank of Montreal Can now owns 535,735 shares of the utilities provider’s stock valued at $33,656,000 after purchasing an additional 185,620 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in National Grid Transco, PLC by 46.3% during the first quarter. JPMorgan Chase & Co. now owns 234,161 shares of the utilities provider’s stock valued at $14,865,000 after purchasing an additional 74,111 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in National Grid Transco, PLC by 7.3% during the first quarter. Nuveen Asset Management LLC now owns 1,008,313 shares of the utilities provider’s stock valued at $65,651,000 after purchasing an additional 68,187 shares in the last quarter. 5.11% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. Citigroup Inc. raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. HSBC Holdings plc downgraded shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. BidaskClub downgraded shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a report on Thursday, June 29th. Finally, Berenberg Bank raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.00.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/verition-fund-management-llc-invests-572000-in-national-grid-transco-plc-ngg-stock.html.

National Grid Transco, PLC (NYSE:NGG) traded up 0.0752% during trading on Wednesday, hitting $62.1467. 61,351 shares of the stock traded hands. National Grid Transco, PLC has a 52-week low of $60.08 and a 52-week high of $75.29. The stock has a market cap of $42.77 billion, a P/E ratio of 4.1864 and a beta of 0.43. The stock has a 50 day moving average price of $63.75 and a 200-day moving average price of $65.92.

National Grid Transco, PLC Company Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid Transco, PLC (NYSE:NGG).

Institutional Ownership by Quarter for National Grid Transco, PLC (NYSE:NGG)

Receive News & Ratings for National Grid Transco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid Transco PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply