Virtu KCG Holdings LLC increased its stake in National Grid Transco, PLC (NYSE:NGG) by 229.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,671 shares of the utilities provider’s stock after acquiring an additional 10,921 shares during the quarter. Virtu KCG Holdings LLC’s holdings in National Grid Transco, PLC were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NGG. Jane Street Group LLC raised its holdings in National Grid Transco, PLC by 116.3% during the 1st quarter. Jane Street Group LLC now owns 1,022,460 shares of the utilities provider’s stock worth $64,906,000 after purchasing an additional 549,785 shares during the last quarter. Reaves W H & Co. Inc. boosted its stake in shares of National Grid Transco, PLC by 190.2% in the 2nd quarter. Reaves W H & Co. Inc. now owns 468,260 shares of the utilities provider’s stock valued at $29,416,000 after purchasing an additional 306,919 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of National Grid Transco, PLC by 53.0% in the 2nd quarter. Bank of Montreal Can now owns 535,735 shares of the utilities provider’s stock valued at $33,656,000 after purchasing an additional 185,620 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of National Grid Transco, PLC by 46.3% in the 1st quarter. JPMorgan Chase & Co. now owns 234,161 shares of the utilities provider’s stock valued at $14,865,000 after purchasing an additional 74,111 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of National Grid Transco, PLC by 7.3% in the 1st quarter. Nuveen Asset Management LLC now owns 1,008,313 shares of the utilities provider’s stock valued at $65,651,000 after purchasing an additional 68,187 shares during the last quarter. Institutional investors and hedge funds own 5.11% of the company’s stock.

A number of analysts have commented on NGG shares. UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a research report on Thursday, June 29th. Zacks Investment Research lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. BidaskClub lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. HSBC Holdings plc upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. National Grid Transco, PLC has an average rating of “Hold” and an average price target of $70.50.

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National Grid Transco, PLC (NYSE:NGG) opened at 62.71 on Monday. The firm’s 50-day moving average price is $63.71 and its 200-day moving average price is $66.42. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $78.46. The firm has a market cap of $43.16 billion, a P/E ratio of 4.22 and a beta of 0.43.

National Grid Transco, PLC 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.

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

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