Quadrant Capital Group LLC lessened its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,013 shares of the utilities provider’s stock after selling 536 shares during the quarter. Quadrant Capital Group LLC’s holdings in National Grid Transco, PLC were worth $173,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Wellington Management Group LLP raised its position in shares of 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 buying an additional 100 shares during the period. First Trust Advisors LP raised its position in shares of National Grid Transco, PLC by 30.3% in the 2nd quarter. First Trust Advisors LP now owns 7,478 shares of the utilities provider’s stock worth $470,000 after buying an additional 1,738 shares during the period. Blair William & Co. IL purchased a new position in shares of National Grid Transco, PLC in the 2nd quarter worth $1,096,000. CIBC World Markets Inc. raised its position in shares of National Grid Transco, PLC by 36.6% in the 2nd quarter. CIBC World Markets Inc. now owns 35,571 shares of the utilities provider’s stock worth $2,235,000 after buying an additional 9,528 shares during the period. Finally, Gilman Hill Asset Management LLC raised its position in shares of National Grid Transco, PLC by 6.2% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 23,777 shares of the utilities provider’s stock worth $1,494,000 after buying an additional 1,392 shares during the period. 5.11% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on NGG shares. Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. HSBC Holdings plc lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub downgraded National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research downgraded National Grid Transco, PLC from a “buy” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Berenberg Bank upgraded 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, six have issued a hold rating and seven have assigned a buy rating to the company. National Grid Transco, PLC presently has an average rating of “Hold” and a consensus target price of $69.00.

Shares of National Grid Transco, PLC (NGG) traded up 0.16% during mid-day trading on Wednesday, reaching $63.18. The company had a trading volume of 82,366 shares. The stock has a market capitalization of $43.02 billion, a P/E ratio of 4.26 and a beta of 0.43. The company’s 50-day moving average is $63.76 and its 200 day moving average is $66.06. National Grid Transco, PLC has a 52-week low of $60.08 and a 52-week high of $75.24.

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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.

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

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