Renaissance Technologies LLC lowered its holdings in National Grid Transco, PLC (NYSE:NGG) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,282,973 shares of the utilities provider’s stock after selling 346,892 shares during the quarter. Renaissance Technologies LLC owned 0.33% of National Grid Transco, PLC worth $143,416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Comerica Securities Inc. increased its stake in National Grid Transco, PLC by 0.5% in the second quarter. Comerica Securities Inc. now owns 8,134 shares of the utilities provider’s stock valued at $511,000 after acquiring an additional 37 shares during the period. First Trust Advisors LP increased its stake in National Grid Transco, PLC by 0.8% in the first quarter. First Trust Advisors LP now owns 5,740 shares of the utilities provider’s stock valued at $364,000 after acquiring an additional 43 shares during the period. Ballentine Partners LLC increased its stake in National Grid Transco, PLC by 1.4% in the second quarter. Ballentine Partners LLC now owns 4,480 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 60 shares during the period. Wellington Management Group LLP increased its stake in National Grid Transco, PLC by 2.2% in the first quarter. Wellington Management Group LLP now owns 4,708 shares of the utilities provider’s stock valued at $299,000 after acquiring an additional 100 shares during the period. Finally, GM Advisory Group Inc. increased its stake in National Grid Transco, PLC by 2.7% in the first quarter. GM Advisory Group Inc. now owns 3,845 shares of the utilities provider’s stock valued at $244,000 after acquiring an additional 100 shares during the period. 5.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of National Grid Transco, PLC (NGG) opened at 64.67 on Monday. National Grid Transco, PLC has a 52 week low of $60.08 and a 52 week high of $79.56. The company has a market capitalization of $44.51 billion, a PE ratio of 4.36 and a beta of 0.44. The firm’s 50-day moving average is $63.71 and its 200 day moving average is $66.42.

A number of analysts recently weighed in on NGG shares. HSBC Holdings plc raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. BidaskClub cut shares of National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Citigroup Inc. raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Saturday, June 17th. Finally, Berenberg Bank raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.50.

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About National Grid Transco, PLC

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.

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

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