National Grid Transco, PLC $NGG Holdings Decreased by Abel Hall LLC

Abel Hall LLC lessened its position in shares of National Grid Transco, PLC (NYSE:NGG) by 34.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,104 shares of the utilities provider’s stock after selling 6,856 shares during the period. Abel Hall LLC’s holdings in National Grid Transco were worth $994,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NGG. James T. Borello RIA grew its holdings in National Grid Transco by 50.3% during the 3rd quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 145 shares during the period. First Horizon Corp lifted its stake in shares of National Grid Transco by 235.0% in the 1st quarter. First Horizon Corp now owns 459 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 322 shares during the period. SHP Wealth Management acquired a new position in shares of National Grid Transco in the 4th quarter valued at about $40,000. Avion Wealth bought a new stake in shares of National Grid Transco during the 1st quarter valued at about $62,000. Finally, Western Wealth Management LLC bought a new stake in shares of National Grid Transco during the 1st quarter valued at about $63,000. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NGG has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of National Grid Transco in a research report on Monday, October 5th. Berenberg Bank reiterated a “neutral” rating on shares of National Grid Transco in a research note on Friday, July 10th. Finally, UBS Group reiterated a “sell” rating on shares of National Grid Transco in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.33.

National Grid Transco Stock Performance

Shares of NGG stock traded down $2.14 on Monday, reaching $79.08. 1,304,090 shares of the company were exchanged, compared to its average volume of 1,076,007. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71. The company has a 50-day moving average of $78.02 and a 200-day moving average of $81.89. National Grid Transco, PLC has a one year low of $73.37 and a one year high of $94.64.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.