Freedom Investment Management Inc. Has $291,000 Position in National Grid Transco, PLC $NGG

Freedom Investment Management Inc. lessened its position in National Grid Transco, PLC (NYSE:NGG) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,917 shares of the utilities provider’s stock after selling 387 shares during the period. Freedom Investment Management Inc.’s holdings in National Grid Transco were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rehmann Capital Advisory Group acquired a new stake in shares of National Grid Transco in the second quarter valued at about $435,000. Pittenger & Anderson Inc. increased its stake in shares of National Grid Transco by 36.1% in the second quarter. Pittenger & Anderson Inc. now owns 42,765 shares of the utilities provider’s stock valued at $3,182,000 after buying an additional 11,340 shares during the period. Stephens Inc. AR increased its stake in shares of National Grid Transco by 3.6% in the second quarter. Stephens Inc. AR now owns 10,865 shares of the utilities provider’s stock valued at $808,000 after buying an additional 377 shares during the period. Cidel Asset Management Inc. increased its stake in shares of National Grid Transco by 21.6% in the second quarter. Cidel Asset Management Inc. now owns 69,633 shares of the utilities provider’s stock valued at $5,181,000 after buying an additional 12,380 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of National Grid Transco in the second quarter valued at about $211,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Stock Up 0.3%

Shares of National Grid Transco stock opened at $76.93 on Monday. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $77.27. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The stock’s 50-day moving average is $72.25 and its 200 day moving average is $71.82. The firm has a market cap of $76.33 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.76 and a beta of 0.70.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NGG. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Saturday. Zacks Research cut National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.