Oppenheimer & Co. Inc. grew its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 60.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,083 shares of the utilities provider’s stock after purchasing an additional 3,415 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in National Grid Transco, PLC were worth $571,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of National Grid Transco, PLC by 55.3% during the first quarter. M&T Bank Corp now owns 60,587 shares of the utilities provider’s stock valued at $3,846,000 after purchasing an additional 21,567 shares during the period. Wellington Management Group LLP boosted its stake in shares of National Grid Transco, PLC by 2.2% during the first quarter. Wellington Management Group LLP now owns 4,708 shares of the utilities provider’s stock valued at $299,000 after purchasing an additional 100 shares during the period. Global Financial Private Capital LLC purchased a new stake in shares of National Grid Transco, PLC during the first quarter valued at approximately $28,567,000. Gilman Hill Asset Management LLC boosted its stake in shares of National Grid Transco, PLC by 6.2% during the second quarter. Gilman Hill Asset Management LLC now owns 23,777 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 1,392 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 during the period. 5.38% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco, PLC (NGG) opened at 63.94 on Thursday. The firm’s 50-day moving average price is $63.38 and its 200 day moving average price is $66.47. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 4.40 and a beta of 0.44. National Grid Transco, PLC has a 12 month low of $60.08 and a 12 month high of $79.56.

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A number of analysts have recently weighed in on NGG shares. Zacks Investment Research lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating and set a $78.00 price objective for the company. in a research note on Tuesday, May 23rd. Deutsche Bank AG lowered National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. BidaskClub lowered National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, HSBC Holdings plc lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $70.50.

National Grid Transco, PLC 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.

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

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