National Grid Transco, PLC $NGG Stock Position Cut by JCIC Asset Management Inc.

JCIC Asset Management Inc. trimmed its position in shares of National Grid Transco, PLC (NYSE:NGG) by 41.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,844 shares of the utilities provider’s stock after selling 13,336 shares during the quarter. JCIC Asset Management Inc.’s holdings in National Grid Transco were worth $1,429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NGG. James T. Borello RIA increased its position in shares of National Grid Transco by 50.3% during the third quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 145 shares in the last quarter. First Horizon Corp lifted its position in National Grid Transco by 235.0% in the 1st quarter. First Horizon Corp now owns 459 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 322 shares in the last quarter. Root Financial Partners LLC bought a new position in National Grid Transco in the 3rd quarter valued at approximately $41,000. Signature Equity Partners LLC boosted its stake in National Grid Transco by 80.1% during the 3rd quarter. Signature Equity Partners LLC now owns 598 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 266 shares during the last quarter. Finally, Avion Wealth purchased a new stake in National Grid Transco during the 1st quarter valued at $62,000. 4.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on NGG shares. Berenberg Bank reissued a “neutral” rating on shares of National Grid Transco in a report on Friday, July 10th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of National Grid Transco in a report on Friday, September 25th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of National Grid Transco in a research report on Monday, October 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, October 15th. Finally, UBS Group reissued a “sell” rating on shares of National Grid Transco in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, National Grid Transco currently has an average rating of “Hold” and a consensus target price of $80.33.

National Grid Transco Trading Up 2.8%

Shares of National Grid Transco stock opened at $85.18 on Thursday. National Grid Transco, PLC has a twelve month low of $73.37 and a twelve month high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76. The company’s 50 day moving average is $78.52 and its 200 day moving average is $83.31.

About National Grid Transco

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.