M&R Capital Management Inc. reduced its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,258 shares of the utilities provider’s stock after selling 277 shares during the quarter. M&R Capital Management Inc.’s holdings in National Grid Transco, PLC were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NGG. Bronfman E.L. Rothschild L.P. grew its stake in shares of National Grid Transco, PLC by 30.5% during the second 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 last quarter. Suncoast Equity Management bought a new stake in shares of National Grid Transco, PLC during the second quarter valued at approximately $205,000. Bainco International Investors bought a new stake in shares of National Grid Transco, PLC during the first quarter valued at approximately $207,000. Cypress Wealth Advisors LLC bought a new stake in shares of National Grid Transco, PLC during the first quarter valued at approximately $214,000. Finally, Parsons Capital Management Inc. RI grew its stake in shares of National Grid Transco, PLC by 5.7% during the first quarter. Parsons Capital Management Inc. RI now owns 4,150 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 225 shares during the last quarter. 5.11% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco, PLC (NYSE:NGG) traded down 0.10% during midday trading on Wednesday, reaching $63.02. 117,804 shares of the company’s stock traded hands. The firm has a market cap of $42.91 billion, a price-to-earnings ratio of 4.25 and a beta of 0.43. The stock’s 50 day moving average price is $63.76 and its 200 day moving average price is $66.06. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $75.24.

Several analysts have recently commented on the stock. UBS AG reissued a “sell” rating on shares of National Grid Transco, PLC in a research note on Thursday, June 29th. BidaskClub cut shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. HSBC Holdings plc raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Citigroup Inc. raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of National Grid Transco, PLC from a “buy” rating to a “sell” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. National Grid Transco, PLC presently has a consensus rating of “Hold” and a consensus target price of $69.00.

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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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