Prosperity Consulting Group LLC Sells 2,357 Shares of National Grid Transco, PLC $NGG

Prosperity Consulting Group LLC lessened its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 8.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,196 shares of the utilities provider’s stock after selling 2,357 shares during the quarter. Prosperity Consulting Group LLC’s holdings in National Grid Transco were worth $1,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mayflower Financial Advisors LLC grew its stake in shares of National Grid Transco by 4.0% in the first quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 140 shares during the last quarter. Huntington National Bank grew its stake in shares of National Grid Transco by 41.1% in the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 146 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in National Grid Transco by 13.9% during the 1st quarter. First Horizon Advisors Inc. now owns 1,227 shares of the utilities provider’s stock worth $81,000 after buying an additional 150 shares during the period. Sage Rhino Capital LLC lifted its holdings in National Grid Transco by 3.6% during the 1st quarter. Sage Rhino Capital LLC now owns 4,524 shares of the utilities provider’s stock worth $297,000 after buying an additional 156 shares during the period. Finally, Capital Analysts LLC lifted its holdings in National Grid Transco by 33.6% during the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock worth $42,000 after buying an additional 161 shares during the period. Institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

NGG has been the topic of several recent research reports. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.40.

National Grid Transco Trading Up 0.5%

NGG stock opened at $75.13 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. National Grid Transco, PLC has a 12-month low of $55.82 and a 12-month high of $77.35. The company’s fifty day simple moving average is $72.89 and its 200 day simple moving average is $72.16.

About National Grid Transco

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.