Prospera Financial Services Inc Cuts Position in National Grid Transco, PLC $NGG

Prospera Financial Services Inc decreased its position in shares of National Grid Transco, PLC (NYSE:NGG) by 79.4% during the third quarter, HoldingsChannel reports. The firm owned 3,689 shares of the utilities provider’s stock after selling 14,223 shares during the period. Prospera Financial Services Inc’s holdings in National Grid Transco were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NGG. Salomon & Ludwin LLC raised its holdings in shares of National Grid Transco by 4,218.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after buying an additional 464 shares in the last quarter. ESL Trust Services LLC grew its position in National Grid Transco by 71.4% during the third quarter. ESL Trust Services LLC now owns 480 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. Huntington National Bank raised its stake in shares of National Grid Transco by 41.1% during the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 146 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of National Grid Transco by 100.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 263 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of National Grid Transco in the 3rd quarter valued at $39,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Monday, January 26th. Zacks Research raised National Grid Transco from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd. Finally, BNP Paribas Exane lowered National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, National Grid Transco has an average rating of “Moderate Buy” and an average price target of $83.80.

National Grid Transco Stock Up 0.1%

Shares of NYSE:NGG opened at $92.49 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $81.38 and a 200-day moving average price of $76.28. National Grid Transco, PLC has a 12 month low of $59.35 and a 12 month high of $93.17.

National Grid Transco Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.