KCG Holdings Inc. lowered its position in National Grid Transco, PLC (NYSE:NGG) by 94.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,750 shares of the utilities provider’s stock after selling 80,202 shares during the period. KCG Holdings Inc.’s holdings in National Grid Transco, PLC were worth $302,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NGG. Morgan Stanley boosted its position in National Grid Transco, PLC by 6.5% in the first quarter. Morgan Stanley now owns 1,016,852 shares of the utilities provider’s stock worth $64,549,000 after buying an additional 62,273 shares in the last quarter. GM Advisory Group Inc. boosted its position in National Grid Transco, PLC by 2.7% in the first quarter. GM Advisory Group Inc. now owns 3,845 shares of the utilities provider’s stock worth $244,000 after buying an additional 100 shares in the last quarter. Geode Capital Management LLC boosted its position in National Grid Transco, PLC by 54.6% in the first quarter. Geode Capital Management LLC now owns 20,450 shares of the utilities provider’s stock worth $1,298,000 after buying an additional 7,223 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in National Grid Transco, PLC by 48.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,346 shares of the utilities provider’s stock worth $3,132,000 after buying an additional 16,162 shares in the last quarter. Finally, Ngam Advisors L.P. boosted its position in National Grid Transco, PLC by 30.9% in the first quarter. Ngam Advisors L.P. now owns 55,791 shares of the utilities provider’s stock worth $3,541,000 after buying an additional 13,172 shares in the last quarter. Institutional investors own 5.57% of the company’s stock.

Shares of National Grid Transco, PLC (NYSE:NGG) traded down 0.10% during midday trading on Friday, hitting $62.78. 243,817 shares of the company were exchanged. The stock has a market capitalization of $43.21 billion, a price-to-earnings ratio of 4.29 and a beta of 0.45. National Grid Transco, PLC has a 52-week low of $60.08 and a 52-week high of $79.56. The company has a 50-day moving average price of $62.43 and a 200-day moving average price of $66.58.

The company also recently announced a special dividend, which was paid on Wednesday, August 16th. Investors of record on Friday, June 2nd were paid a $1.872 dividend. This is an increase from National Grid Transco, PLC’s previous special dividend of $0.93. The ex-dividend date was Wednesday, May 31st.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/19/kcg-holdings-inc-lowers-stake-in-national-grid-transco-plc-ngg-updated-updated-updated.html.

A number of research firms have weighed in on NGG. Berenberg Bank upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. HSBC Holdings plc upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, UBS AG reiterated a “sell” rating on shares of National Grid Transco, PLC in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. National Grid Transco, PLC presently has a consensus rating of “Hold” and an average target price of $70.50.

About National Grid Transco, PLC

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.