11,786 Shares in National Grid Transco, PLC $NGG Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC acquired a new stake in shares of National Grid Transco, PLC (NYSE:NGG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,786 shares of the utilities provider’s stock, valued at approximately $894,000.

Other institutional investors have also added to or reduced their stakes in the company. Samalin Investment Counsel LLC lifted its stake in National Grid Transco by 2.2% during the third quarter. Samalin Investment Counsel LLC now owns 5,815 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 127 shares during the last quarter. James T. Borello RIA increased its stake in shares of National Grid Transco by 50.3% in the 3rd quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 145 shares during the last quarter. Focused Alpha LLC raised its holdings in shares of National Grid Transco by 4.2% during the 3rd quarter. Focused Alpha LLC now owns 4,001 shares of the utilities provider’s stock worth $303,000 after buying an additional 161 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of National Grid Transco by 4.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,073 shares of the utilities provider’s stock worth $309,000 after buying an additional 189 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of National Grid Transco by 2.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,256 shares of the utilities provider’s stock worth $702,000 after buying an additional 193 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Trading Up 2.8%

Shares of NYSE NGG opened at $85.18 on Thursday. The company has a 50 day simple moving average of $78.52 and a 200 day simple moving average of $83.31. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.09. National Grid Transco, PLC has a 1 year low of $73.37 and a 1 year high of $94.64.

Analyst Ratings Changes

NGG has been the subject of several recent analyst reports. UBS Group restated a “sell” rating on shares of National Grid Transco in a research report on Monday, August 3rd. Wall Street Zen cut National Grid Transco from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. reissued a “buy” rating on shares of National Grid Transco in a research note on Monday, October 5th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, October 15th. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of National Grid Transco in a report on Monday, October 5th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $80.33.

National Grid Transco 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.