National Grid Transco, PLC $NGG Shares Sold by LVW Advisors LLC

LVW Advisors LLC decreased its position in shares of National Grid Transco, PLC (NYSE:NGG) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,858 shares of the utilities provider’s stock after selling 291 shares during the quarter. LVW Advisors LLC’s holdings in National Grid Transco were worth $287,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in National Grid Transco during the 1st quarter worth approximately $28,000. SJS Investment Consulting Inc. acquired a new stake in shares of National Grid Transco in the first quarter valued at approximately $29,000. Capital Analysts LLC grew its position in shares of National Grid Transco by 33.6% during the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 161 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of National Grid Transco by 197.3% in the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 582 shares during the period. Finally, Bessemer Group Inc. raised its position in National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 657 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.40.

National Grid Transco Stock Up 1.6%

Shares of NYSE:NGG opened at $71.63 on Monday. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The firm’s 50-day simple moving average is $71.07 and its 200-day simple moving average is $70.41. The company has a market cap of $71.07 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.62 and a beta of 0.68.

National Grid Transco Company Profile

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.