Fort Washington Investment Advisors Inc. OH decreased its position in shares of National Grid Transco, PLC (NYSE:NGG) by 8.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,507 shares of the utilities provider’s stock after selling 410 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in National Grid Transco, PLC were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NGG. Bronfman E.L. Rothschild L.P. lifted its position in shares of National Grid Transco, PLC by 30.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock worth $158,000 after buying an additional 589 shares during the last quarter. Suncoast Equity Management acquired a new stake in shares of National Grid Transco, PLC in the second quarter worth about $205,000. American Trust Investment Advisors LLC acquired a new stake in shares of National Grid Transco, PLC in the first quarter worth about $207,000. Bainco International Investors acquired a new stake in shares of National Grid Transco, PLC in the first quarter worth about $207,000. Finally, Cypress Wealth Advisors LLC acquired a new stake in shares of National Grid Transco, PLC in the first quarter worth about $214,000. 5.38% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on NGG shares. Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Saturday, June 17th. BidaskClub cut National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. HSBC Holdings plc raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Berenberg Bank raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $70.50.

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National Grid Transco, PLC (NYSE:NGG) opened at 64.97 on Wednesday. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $79.56. The company has a market capitalization of $44.71 billion, a price-to-earnings ratio of 4.47 and a beta of 0.44. The stock has a 50 day moving average price of $63.71 and a 200-day moving average price of $66.42.

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.

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

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