Macquarie Group Ltd. lowered its stake in National Grid Transco, PLC (NYSE:NGG) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,058,852 shares of the utilities provider’s stock after selling 73,890 shares during the quarter. Macquarie Group Ltd. owned approximately 0.15% of National Grid Transco, PLC worth $66,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Comerica Securities Inc. increased its stake in National Grid Transco, PLC by 0.5% in the 2nd quarter. Comerica Securities Inc. now owns 8,134 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 37 shares in the last quarter. First Trust Advisors LP increased its stake in National Grid Transco, PLC by 0.8% in the 1st quarter. First Trust Advisors LP now owns 5,740 shares of the utilities provider’s stock worth $364,000 after purchasing an additional 43 shares in the last quarter. Ballentine Partners LLC increased its stake in National Grid Transco, PLC by 1.4% in the 2nd quarter. Ballentine Partners LLC now owns 4,480 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 60 shares in the last quarter. GM Advisory Group Inc. increased its stake 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 in the last quarter. Finally, Wellington Management Group LLP increased its stake in National Grid Transco, PLC by 2.2% in the 1st quarter. Wellington Management Group LLP now owns 4,708 shares of the utilities provider’s stock worth $299,000 after purchasing an additional 100 shares in the last quarter. 5.11% of the stock is currently owned by hedge funds and other institutional investors.

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NGG has been the topic of several research analyst reports. Deutsche Bank AG cut National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. BidaskClub cut 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. HSBC Holdings plc cut National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a research note on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.00.

National Grid Transco, PLC (NGG) traded down 0.79% during trading on Friday, reaching $61.90. The company’s stock had a trading volume of 207,799 shares. The firm has a market cap of $42.60 billion, a P/E ratio of 4.17 and a beta of 0.43. The stock’s 50 day moving average is $63.78 and its 200-day moving average is $66.22. National Grid Transco, PLC has a 52 week low of $60.08 and a 52 week high of $75.29.

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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