Fairfield Bush & CO. Has $602,000 Holdings in National Grid Transco, PLC (NGG)

Fairfield Bush & CO. boosted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 99.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,582 shares of the utilities provider’s stock after acquiring an additional 4,772 shares during the period. Fairfield Bush & CO.’s holdings in National Grid Transco, PLC were worth $602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its holdings in National Grid Transco, PLC by 30.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 589 shares in the last quarter. Bainco International Investors acquired a new position in National Grid Transco, PLC during the 1st quarter worth approximately $207,000. Suncoast Equity Management acquired a new position in National Grid Transco, PLC during the 2nd quarter worth approximately $205,000. Cypress Wealth Advisors LLC acquired a new position in National Grid Transco, PLC during the 1st quarter worth approximately $214,000. Finally, Parsons Capital Management Inc. RI grew its holdings in National Grid Transco, PLC by 5.7% during the 1st quarter. Parsons Capital Management Inc. RI now owns 4,150 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 5.11% of the company’s stock.

Several research analysts have commented on NGG shares. Berenberg Bank upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub cut shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Citigroup Inc. upgraded shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, HSBC Holdings plc cut shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. National Grid Transco, PLC presently has an average rating of “Hold” and an average target price of $69.00.

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Shares of National Grid Transco, PLC (NYSE:NGG) traded up 0.7102% during mid-day trading on Tuesday, hitting $63.0647. 73,730 shares of the stock traded hands. The stock has a market cap of $43.40 billion, a PE ratio of 4.2482 and a beta of 0.43. National Grid Transco, PLC has a one year low of $60.08 and a one year high of $75.29. The stock has a 50-day moving average of $63.76 and a 200 day moving average of $66.10.

About National Grid Transco, PLC

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Institutional Ownership by Quarter for National Grid Transco, PLC (NYSE:NGG)

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