Plimoth Trust Co. LLC Sells 185 Shares of National Grid Transco, PLC $NGG

Plimoth Trust Co. LLC lessened its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 1.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,631 shares of the utilities provider’s stock after selling 185 shares during the period. Plimoth Trust Co. LLC’s holdings in National Grid Transco were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NGG. Golden State Wealth Management LLC purchased a new position in National Grid Transco during the 1st quarter valued at about $28,000. SJS Investment Consulting Inc. bought a new position in shares of National Grid Transco during the first quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of National Grid Transco during the second quarter valued at approximately $35,000. Capital Analysts LLC lifted its holdings in shares of 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 purchasing an additional 161 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of National Grid Transco by 197.3% in the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 582 shares in the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Price Performance

NYSE NGG 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 stock has a 50-day moving average of $71.05 and a 200 day moving average of $70.71. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The company has a market capitalization of $72.83 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.66 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.40.

About National Grid Transco

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.