National Grid Transco, PLC $NGG Shares Sold by Abel Hall LLC

Abel Hall LLC trimmed its position in shares of National Grid Transco, PLC (NYSE:NGG) by 34.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,104 shares of the utilities provider’s stock after selling 6,856 shares during the quarter. Abel Hall LLC’s holdings in National Grid Transco were worth $994,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC grew its position in National Grid Transco by 13.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,075 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 129 shares during the period. James T. Borello RIA increased its stake in National Grid Transco by 50.3% during the 3rd quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 145 shares in the last quarter. Tred Avon Family Wealth LLC increased its stake in National Grid Transco by 1.7% during the 1st quarter. Tred Avon Family Wealth LLC now owns 9,620 shares of the utilities provider’s stock valued at $814,000 after purchasing an additional 165 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in National Grid Transco by 4.9% during the third quarter. Frank Rimerman Advisors LLC now owns 4,073 shares of the utilities provider’s stock worth $309,000 after buying an additional 189 shares during the last quarter. Finally, Anchyra Partners LLC raised its holdings in National Grid Transco by 8.3% during the first quarter. Anchyra Partners LLC now owns 2,984 shares of the utilities provider’s stock worth $252,000 after buying an additional 229 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday. Sanford C. Bernstein reiterated a “buy” rating on shares of National Grid Transco in a report on Friday, September 25th. Wall Street Zen downgraded shares of National Grid Transco from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Royal Bank Of Canada reissued a “neutral” rating on shares of National Grid Transco in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group restated a “neutral” rating on shares of National Grid Transco in a report on Monday, October 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $80.33.

National Grid Transco Trading Down 2.6%

Shares of National Grid Transco stock traded down $2.14 on Monday, hitting $79.08. The company had a trading volume of 1,304,090 shares, compared to its average volume of 1,076,007. National Grid Transco, PLC has a 1 year low of $73.37 and a 1 year high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76. The stock has a 50 day moving average of $78.02 and a 200-day moving average of $81.89.

National Grid Transco Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.