IFP Advisors Inc cut its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 9.8% during the second quarter, Holdings Channel reports. The firm owned 8,672 shares of the utilities provider’s stock after selling 946 shares during the period. IFP Advisors Inc’s holdings in National Grid Transco, PLC were worth $545,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position in National Grid Transco, PLC by 66.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,928 shares of the utilities provider’s stock valued at $122,000 after buying an additional 767 shares during the period. Lipe & Dalton purchased a new position in National Grid Transco, PLC during the first quarter valued at approximately $154,000. American Trust Investment Advisors LLC purchased a new position in National Grid Transco, PLC during the first quarter valued at approximately $207,000. Bainco International Investors purchased a new position in National Grid Transco, PLC during the first quarter valued at approximately $207,000. Finally, Cypress Wealth Advisors LLC purchased a new position in National Grid Transco, PLC during the first quarter valued at approximately $214,000. 5.67% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco, PLC (NYSE NGG) opened at 62.88 on Friday. The stock has a 50 day moving average price of $62.54 and a 200 day moving average price of $66.59. The company has a market capitalization of $43.28 billion, a price-to-earnings ratio of 4.23 and a beta of 0.45. National Grid Transco, PLC has a 52-week low of $60.08 and a 52-week high of $79.56.

The business also recently disclosed 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. The ex-dividend date is Wednesday, May 31st. This is a boost from National Grid Transco, PLC’s previous special dividend of $0.93.

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Several equities analysts have commented on the company. UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a report on Thursday, June 29th. Berenberg Bank raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub raised National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, HSBC Holdings plc raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. National Grid Transco, PLC has a consensus rating of “Hold” and a consensus price target of $70.50.

About National Grid Transco, PLC

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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