Wright Investors Service Inc. Grows Holdings in National Grid Transco, PLC (NGG)

Wright Investors Service Inc. boosted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,995 shares of the utilities provider’s stock after purchasing an additional 1,034 shares during the period. Wright Investors Service Inc.’s holdings in National Grid Transco, PLC were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NGG. Bronfman E.L. Rothschild L.P. increased 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 purchasing an additional 589 shares in the last quarter. Suncoast Equity Management bought a new position in National Grid Transco, PLC during the 2nd quarter worth about $205,000. Cable Hill Partners LLC increased its holdings in National Grid Transco, PLC by 3,827.9% during the 3rd quarter. Cable Hill Partners LLC now owns 4,085 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 3,981 shares in the last quarter. Quantbot Technologies LP bought a new position in National Grid Transco, PLC during the 2nd quarter worth about $263,000. Finally, Mitchell Sinkler & Starr PA bought a new position in National Grid Transco, PLC during the 3rd quarter worth about $266,000. Hedge funds and other institutional investors own 5.11% of the company’s stock.

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A number of equities analysts have issued reports on NGG shares. Zacks Investment Research cut National Grid Transco, PLC from a “buy” rating to a “sell” rating in a report on Wednesday, July 5th. HSBC Holdings plc upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. BidaskClub upgraded National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Berenberg Bank upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $69.00.

National Grid Transco, PLC Company Profile

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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