96,700 Shares in National Grid Transco, PLC $NGG Purchased by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. bought a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 96,700 shares of the utilities provider’s stock, valued at approximately $7,195,000.

A number of other hedge funds have also recently bought and sold shares of NGG. AMG National Trust Bank boosted its position in shares of National Grid Transco by 0.7% in the 2nd quarter. AMG National Trust Bank now owns 27,592 shares of the utilities provider’s stock valued at $2,053,000 after purchasing an additional 200 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of National Grid Transco in the 2nd quarter valued at $276,000. Atria Investments Inc boosted its position in shares of National Grid Transco by 13.4% in the 2nd quarter. Atria Investments Inc now owns 81,160 shares of the utilities provider’s stock valued at $6,039,000 after purchasing an additional 9,602 shares during the period. Savvy Advisors Inc. boosted its position in shares of National Grid Transco by 15.3% in the 2nd quarter. Savvy Advisors Inc. now owns 5,428 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 719 shares during the period. Finally, Assetmark Inc. boosted its position in shares of National Grid Transco by 11.7% in the 2nd quarter. Assetmark Inc. now owns 50,569 shares of the utilities provider’s stock valued at $3,763,000 after purchasing an additional 5,279 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research report on Wednesday, October 8th. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One investment 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.40.

National Grid Transco Stock Up 0.7%

Shares of NYSE NGG opened at $76.04 on Friday. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $77.35. 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 business has a 50-day moving average price of $72.65 and a two-hundred day moving average price of $72.06.

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.