National Grid Transco, PLC $NGG Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC trimmed its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,269 shares of the utilities provider’s stock after selling 410 shares during the quarter. Highland Capital Management LLC’s holdings in National Grid Transco were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NGG. Golden State Wealth Management LLC bought a new stake in National Grid Transco during the first quarter worth approximately $28,000. SJS Investment Consulting Inc. bought a new stake in shares of National Grid Transco in the 1st quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of National Grid Transco in the second quarter valued at $35,000. Capital Analysts LLC boosted its stake in National Grid Transco by 33.6% during the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after buying an additional 161 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in National Grid Transco by 197.3% during the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 582 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Price Performance

NGG stock opened at $73.40 on Monday. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $74.82. The firm has a 50-day moving average of $71.05 and a two-hundred day moving average of $70.71. The firm has a market capitalization of $72.83 billion, a PE ratio of 14.12, a P/E/G ratio of 1.66 and a beta of 0.70. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

Analysts Set New Price Targets

A number of brokerages have weighed in on NGG. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, National Grid Transco presently has a consensus 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.