Quantbot Technologies LP acquired a new position in shares of National Grid Transco, PLC (NYSE:NGG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,201 shares of the utilities provider’s stock, valued at approximately $263,000.

A number of other institutional investors have also recently made changes to their positions in NGG. Macquarie Group Ltd. lifted its stake in shares of 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 worth $71,906,000 after acquiring an additional 18,795 shares during the period. Jane Street Group LLC boosted its holdings in shares of National Grid Transco, PLC by 116.3% in the first quarter. Jane Street Group LLC now owns 1,022,460 shares of the utilities provider’s stock valued at $64,906,000 after acquiring an additional 549,785 shares in the last quarter. Morgan Stanley boosted its holdings in shares of National Grid Transco, PLC by 6.5% in the first quarter. Morgan Stanley now owns 1,016,852 shares of the utilities provider’s stock valued at $64,549,000 after acquiring an additional 62,273 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of National Grid Transco, PLC by 7.3% in the first quarter. Nuveen Asset Management LLC now owns 1,008,313 shares of the utilities provider’s stock valued at $65,651,000 after acquiring an additional 68,187 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of National Grid Transco, PLC by 53.0% in the second quarter. Bank of Montreal Can now owns 535,735 shares of the utilities provider’s stock valued at $33,656,000 after acquiring an additional 185,620 shares in the last quarter. Institutional investors own 5.11% of the company’s stock.

A number of brokerages have recently issued reports on NGG. 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. Zacks Investment Research upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. HSBC Holdings plc upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. National Grid Transco, PLC currently has an average rating of “Hold” and a consensus price target of $70.50.

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National Grid Transco, PLC (NYSE NGG) opened at 62.47 on Wednesday. National Grid Transco, PLC has a 12 month low of $60.08 and a 12 month high of $75.62. The firm has a market capitalization of $42.99 billion, a price-to-earnings ratio of 4.21 and a beta of 0.43. The firm’s 50-day moving average is $63.82 and its 200 day moving average is $66.27.

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.

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

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