Private Advisor Group LLC reduced its position in National Grid Transco, PLC (NYSE:NGG) by 33.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,066 shares of the utilities provider’s stock after selling 12,612 shares during the period. Private Advisor Group LLC’s holdings in National Grid Transco, PLC were worth $1,523,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. lifted its position in shares of National Grid Transco, PLC by 66.1% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,928 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 767 shares during the last quarter. Suncoast Equity Management bought a new position in shares of National Grid Transco, PLC during the second quarter worth about $205,000. American Trust Investment Advisors LLC bought a new position in shares of National Grid Transco, PLC during the first quarter worth about $207,000. Bainco International Investors bought a new position in shares of National Grid Transco, PLC during the first quarter worth about $207,000. Finally, Cypress Wealth Advisors LLC bought a new position in shares of National Grid Transco, PLC during the first quarter worth about $214,000. 5.38% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the stock. UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Berenberg Bank upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, HSBC Holdings plc upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $70.50.

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National Grid Transco, PLC (NGG) opened at 65.15 on Friday. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $79.56. The firm has a market cap of $44.84 billion, a price-to-earnings ratio of 4.50 and a beta of 0.44. The company’s 50 day moving average is $63.25 and its 200-day moving average is $66.50.

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.

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

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