Advisors Preferred LLC acquired a new stake in National Grid Transco, PLC (NYSE:NGG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,877 shares of the utilities provider’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NGG. Arrowstreet Capital Limited Partnership raised its stake in shares of National Grid Transco, PLC by 172.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,263,824 shares of the utilities provider’s stock valued at $79,393,000 after acquiring an additional 799,514 shares in the last quarter. Reaves W H & Co. Inc. raised its stake in shares of National Grid Transco, PLC by 190.2% in the second quarter. Reaves W H & Co. Inc. now owns 468,260 shares of the utilities provider’s stock valued at $29,416,000 after acquiring an additional 306,919 shares in the last quarter. Bank of Montreal Can raised its stake 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. Crossmark Global Holdings Inc. acquired a new stake in shares of National Grid Transco, PLC in the third quarter valued at $11,052,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of National Grid Transco, PLC in the second quarter valued at $4,539,000. Institutional investors and hedge funds own 5.11% of the company’s stock.

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National Grid Transco, PLC (NYSE:NGG) traded up $0.08 during trading on Friday, reaching $60.86. The company’s stock had a trading volume of 390,147 shares, compared to its average volume of 351,731. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.29. National Grid Transco, PLC has a one year low of $60.08 and a one year high of $75.24.

Several analysts have recently issued reports on NGG shares. HSBC Holdings plc upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. BidaskClub upgraded National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Berenberg Bank upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $69.00.

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.

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

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