Parametric Portfolio Associates LLC cut its position in National Grid Transco, PLC (NYSE:NGG) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 424,722 shares of the utilities provider’s stock after selling 16,818 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.06% of National Grid Transco, PLC worth $26,681,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in National Grid Transco, PLC by 30.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 589 shares during the period. Bainco International Investors bought a new position in National Grid Transco, PLC in the 1st quarter worth about $207,000. Suncoast Equity Management bought a new position in National Grid Transco, PLC in the 2nd quarter worth about $205,000. Cypress Wealth Advisors LLC bought a new position in National Grid Transco, PLC in the 1st quarter worth about $214,000. Finally, GM Advisory Group Inc. grew its position in National Grid Transco, PLC by 2.7% in the 1st quarter. GM Advisory Group Inc. now owns 3,845 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 5.11% of the company’s stock.

Shares of National Grid Transco, PLC (NGG) opened at 62.71 on Monday. National Grid Transco, PLC has a one year low of $60.08 and a one year high of $78.46. The company’s 50-day moving average price is $63.71 and its 200 day moving average price is $66.42. The company has a market cap of $43.16 billion, a PE ratio of 4.22 and a beta of 0.43.

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A number of equities research analysts have recently weighed in on the company. Deutsche Bank AG cut National Grid Transco, PLC from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Zacks Investment Research raised National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Saturday, June 17th. Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. BidaskClub cut National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, HSBC Holdings plc cut National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price 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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