Comerica Securities Inc. boosted its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 0.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,134 shares of the utilities provider’s stock after acquiring an additional 37 shares during the period. Comerica Securities Inc.’s holdings in National Grid Transco, PLC were worth $511,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NGG. Bronfman E.L. Rothschild L.P. grew its holdings in National Grid Transco, PLC by 66.1% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,928 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 767 shares during the period. Suncoast Equity Management acquired a new stake in National Grid Transco, PLC during the 2nd quarter worth $205,000. American Trust Investment Advisors LLC acquired a new stake in National Grid Transco, PLC during the 1st quarter worth $207,000. Bainco International Investors acquired a new stake in National Grid Transco, PLC during the 1st quarter worth $207,000. Finally, Cypress Wealth Advisors LLC acquired a new stake in National Grid Transco, PLC during the 1st quarter worth $214,000. 5.38% of the stock is owned by hedge funds and other institutional investors.

NGG has been the subject of a number of analyst reports. Citigroup Inc. raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Saturday, June 17th. BidaskClub lowered shares of National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. HSBC Holdings plc raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. 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, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. National Grid Transco, PLC currently has a consensus rating of “Hold” and an average target price of $70.50.

Shares of National Grid Transco, PLC (NYSE NGG) traded up 1.18% during trading on Friday, hitting $65.38. 718,839 shares of the stock traded hands. The firm has a market capitalization of $45.00 billion, a price-to-earnings ratio of 4.50 and a beta of 0.44. The firm has a 50-day moving average of $63.58 and a 200-day moving average of $66.43. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $79.56.

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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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