Kingswood Wealth Advisors LLC Sells 2,930 Shares of National Grid Transco, PLC $NGG

Kingswood Wealth Advisors LLC trimmed its stake in National Grid Transco, PLC (NYSE:NGG) by 48.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,126 shares of the utilities provider’s stock after selling 2,930 shares during the period. Kingswood Wealth Advisors LLC’s holdings in National Grid Transco were worth $233,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco in the 1st quarter worth $28,000. V Square Quantitative Management LLC bought a new position in shares of National Grid Transco in the 2nd quarter worth $35,000. Capital Analysts LLC increased its position in National Grid Transco by 33.6% during the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after buying an additional 161 shares in the last quarter. Sound Income Strategies LLC increased its position in National Grid Transco by 197.3% during the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after buying an additional 582 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in National Grid Transco by 216.8% in the first quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 657 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Up 1.6%

Shares of NGG stock opened at $74.49 on Friday. The stock’s 50-day simple moving average is $71.38 and its 200-day simple moving average is $71.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The firm has a market capitalization of $73.91 billion, a PE ratio of 14.33, a P/E/G ratio of 1.69 and a beta of 0.70. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.40.

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.