Guardian Capital LP cut its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,840 shares of the utilities provider’s stock after selling 17,173 shares during the period. Guardian Capital LP’s holdings in National Grid Transco, PLC were worth $10,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Garner Asset Management Corp acquired a new position in shares of National Grid Transco, PLC during the second quarter worth approximately $391,000. HighTower Advisors LLC boosted its position in shares of National Grid Transco, PLC by 29.4% during the second quarter. HighTower Advisors LLC now owns 23,447 shares of the utilities provider’s stock worth $1,471,000 after buying an additional 5,328 shares during the period. HighVista Strategies LLC boosted its position in shares of National Grid Transco, PLC by 1.2% during the second quarter. HighVista Strategies LLC now owns 27,043 shares of the utilities provider’s stock worth $1,699,000 after buying an additional 320 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of National Grid Transco, PLC by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 377,556 shares of the utilities provider’s stock worth $23,718,000 after buying an additional 11,707 shares during the period. Finally, Virtu KCG Holdings LLC boosted its position in shares of National Grid Transco, PLC by 229.9% during the second quarter. Virtu KCG Holdings LLC now owns 15,671 shares of the utilities provider’s stock worth $984,000 after buying an additional 10,921 shares during the period. Institutional investors and hedge funds own 5.11% of the company’s stock.

Shares of National Grid Transco, PLC (NGG) traded down 0.13% during mid-day trading on Friday, reaching $62.71. 266,856 shares of the company’s stock traded hands. National Grid Transco, PLC has a 52 week low of $60.08 and a 52 week high of $79.56. The company’s 50 day moving average is $63.71 and its 200-day moving average is $66.42. The firm has a market cap of $43.16 billion, a price-to-earnings ratio of 4.22 and a beta of 0.44.

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Several equities research analysts recently commented on the company. Deutsche Bank AG cut National Grid Transco, PLC from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Zacks Investment Research raised National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, June 27th. BidaskClub raised National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Berenberg Bank raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Citigroup Inc. raised National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $70.50.

National Grid Transco, PLC Company 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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