ETRADE Capital Management LLC cut its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,394 shares of the utilities provider’s stock after selling 5,127 shares during the period. ETRADE Capital Management LLC’s holdings in National Grid Transco, PLC were worth $3,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of National Grid Transco, PLC by 2.2% during the first quarter. Wellington Management Group LLP now owns 4,708 shares of the utilities provider’s stock valued at $299,000 after buying an additional 100 shares during the period. Global Financial Private Capital LLC bought a new stake in shares of National Grid Transco, PLC during the first quarter valued at about $28,567,000. Blair William & Co. IL bought a new stake in shares of National Grid Transco, PLC during the second quarter valued at about $1,096,000. Gilman Hill Asset Management LLC increased its position in shares of National Grid Transco, PLC by 6.2% during the second quarter. Gilman Hill Asset Management LLC now owns 23,777 shares of the utilities provider’s stock valued at $1,494,000 after buying an additional 1,392 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of National Grid Transco, PLC by 46.3% during the first quarter. JPMorgan Chase & Co. now owns 234,161 shares of the utilities provider’s stock valued at $14,865,000 after buying an additional 74,111 shares during the period. Hedge funds and other institutional investors own 5.38% of the company’s stock.

NGG has been the topic of several analyst reports. Zacks Investment Research cut National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Berenberg Bank raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, HSBC Holdings plc lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $70.50.

Shares of National Grid Transco, PLC (NYSE:NGG) traded up 0.3497% on Thursday, hitting $64.9162. The stock had a trading volume of 73,661 shares. The firm has a 50-day moving average price of $63.71 and a 200-day moving average price of $66.42. The stock has a market capitalization of $44.68 billion, a P/E ratio of 4.4647 and a beta of 0.44. National Grid Transco, PLC has a 52 week low of $60.08 and a 52 week high of $79.56.

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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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