CIBC World Markets Inc. raised its stake in National Grid Transco, PLC (NYSE:NGG) by 36.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,571 shares of the utilities provider’s stock after purchasing an additional 9,528 shares during the period. CIBC World Markets Inc.’s holdings in National Grid Transco, PLC were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Macquarie Group Ltd. raised its position in National Grid Transco, PLC by 1.7% in the 1st quarter. Macquarie Group Ltd. now owns 1,132,742 shares of the utilities provider’s stock valued at $71,906,000 after purchasing an additional 18,795 shares in the last quarter. Jane Street Group LLC raised its position in National Grid Transco, PLC by 116.3% in the 1st quarter. Jane Street Group LLC now owns 1,022,460 shares of the utilities provider’s stock valued at $64,906,000 after purchasing an additional 549,785 shares in the last quarter. Morgan Stanley raised its position in National Grid Transco, PLC by 6.5% in the 1st quarter. Morgan Stanley now owns 1,016,852 shares of the utilities provider’s stock valued at $64,549,000 after purchasing an additional 62,273 shares in the last quarter. Nuveen Asset Management LLC raised its position in National Grid Transco, PLC by 7.3% in the 1st 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. Finally, Bank of Montreal Can raised its position in National Grid Transco, PLC by 53.0% in the 2nd 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. 5.38% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on NGG shares. Bank of America Corporation raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a research report on Tuesday, May 23rd. Deutsche Bank AG lowered National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. BidaskClub lowered National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $70.50.

Shares of National Grid Transco, PLC (NGG) opened at 65.04 on Tuesday. The stock’s 50 day moving average price is $63.26 and its 200 day moving average price is $66.50. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 4.49 and a beta of 0.44. National Grid Transco, PLC has a 12 month low of $60.08 and a 12 month high of $79.51.

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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.

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

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