180 Wealth Advisors LLC Cuts Stock Holdings in National Grid Transco, PLC $NGG

180 Wealth Advisors LLC lowered its stake in National Grid Transco, PLC (NYSE:NGG) by 6.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,882 shares of the utilities provider’s stock after selling 270 shares during the quarter. 180 Wealth Advisors LLC’s holdings in National Grid Transco were worth $289,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in NGG. GAMMA Investing LLC grew its stake in National Grid Transco by 52.4% in the 1st quarter. GAMMA Investing LLC now owns 1,873 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in National Grid Transco by 9.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,418 shares of the utilities provider’s stock valued at $1,865,000 after acquiring an additional 2,393 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in National Grid Transco by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider’s stock valued at $907,000 after acquiring an additional 500 shares during the period. Oppenheimer Asset Management Inc. grew its stake in National Grid Transco by 17.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,363 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 640 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in National Grid Transco by 122.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,904 shares of the utilities provider’s stock valued at $650,000 after acquiring an additional 5,449 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Trading Up 0.3%

Shares of NGG opened at $76.93 on Friday. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $77.27. 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 fifty day moving average is $72.25 and its two-hundred day moving average is $71.78. The stock has a market cap of $76.33 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.76 and a beta of 0.70.

Analyst Upgrades and Downgrades

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

National Grid Transco 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.