Aperio Group LLC decreased its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,022 shares of the utilities provider’s stock after selling 9,235 shares during the period. Aperio Group LLC’s holdings in National Grid Transco, PLC were worth $14,576,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. TNB Financial raised its position in National Grid Transco, PLC by 7.1% in the second quarter. TNB Financial now owns 20,222 shares of the utilities provider’s stock valued at $1,270,000 after buying an additional 1,349 shares during the period. Bank of Montreal Can raised its position in 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 buying an additional 185,620 shares during the period. Trust Co raised its position in National Grid Transco, PLC by 13.3% in the first quarter. Trust Co now owns 9,378 shares of the utilities provider’s stock valued at $595,000 after buying an additional 1,102 shares during the period. M Holdings Securities Inc. acquired a new position in National Grid Transco, PLC during the first quarter valued at approximately $525,000. Finally, Parsons Capital Management Inc. RI raised its position in National Grid Transco, PLC by 5.7% in the first quarter. Parsons Capital Management Inc. RI now owns 4,150 shares of the utilities provider’s stock valued at $263,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 5.73% of the company’s stock.

Shares of National Grid Transco, PLC (NYSE NGG) traded down 0.3024% during midday trading on Friday, hitting $62.6001. 79,554 shares of the stock traded hands. The stock has a market cap of $43.08 billion, a price-to-earnings ratio of 4.3172 and a beta of 0.45. The company’s 50 day moving average price is $63.96 and its 200-day moving average price is $66.70. National Grid Transco, PLC has a 12-month low of $60.08 and a 12-month high of $80.95.

The company also recently declared a special dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, June 2nd will be given a dividend of $1.872 per share. This is a boost from National Grid Transco, PLC’s previous special dividend of $0.93. The ex-dividend date of this dividend is Wednesday, May 31st.

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Several equities analysts have commented on the stock. HSBC Holdings plc upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of National Grid Transco, PLC from a “buy” rating to a “sell” rating in a research report on Wednesday, July 5th. UBS AG reiterated a “sell” rating on shares of National Grid Transco, PLC in a research report on Thursday, June 29th. BidaskClub lowered shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc. upgraded shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. National Grid Transco, PLC presently has an average rating of “Hold” and a consensus price target of $70.50.

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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