HPM Partners LLC Increases Holdings in National Grid Transco, PLC (NGG)

HPM Partners LLC raised its position in National Grid Transco, PLC (NYSE:NGG) by 607.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 57,554 shares of the utilities provider’s stock after acquiring an additional 49,415 shares during the period. HPM Partners LLC’s holdings in National Grid Transco, PLC were worth $804,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its stake in National Grid Transco, PLC by 66.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,928 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 767 shares during the period. Suncoast Equity Management acquired a new stake in National Grid Transco, PLC in the second quarter valued at approximately $205,000. American Trust Investment Advisors LLC acquired a new stake in National Grid Transco, PLC in the first quarter valued at approximately $207,000. Bainco International Investors acquired a new stake in National Grid Transco, PLC in the first quarter valued at approximately $207,000. Finally, Cypress Wealth Advisors LLC acquired a new stake in National Grid Transco, PLC in the first quarter valued at approximately $214,000. 5.38% of the stock is owned by hedge funds and other institutional investors.

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National Grid Transco, PLC (NYSE NGG) opened at 65.15 on Friday. The company has a market cap of $44.84 billion, a price-to-earnings ratio of 4.50 and a beta of 0.44. National Grid Transco, PLC has a 12-month low of $60.08 and a 12-month high of $79.56. The stock has a 50 day moving average price of $63.25 and a 200-day moving average price of $66.50.

A number of equities research analysts have commented on NGG shares. Zacks Investment Research raised National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Friday, May 26th. Citigroup Inc. upgraded National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. Bank of America Corporation upgraded National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. HSBC Holdings plc lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub lowered National Grid Transco, PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. National Grid Transco, PLC has an average rating of “Hold” and an average price target of $70.50.

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.

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

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