LVW Advisors LLC Cuts Position in National Grid Transco, PLC $NGG

LVW Advisors LLC reduced its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,858 shares of the utilities provider’s stock after selling 291 shares during the period. LVW Advisors LLC’s holdings in National Grid Transco were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of National Grid Transco by 11.7% in the second quarter. Signaturefd LLC now owns 20,248 shares of the utilities provider’s stock valued at $1,507,000 after purchasing an additional 2,121 shares during the period. Old Port Advisors lifted its position in shares of National Grid Transco by 0.7% during the 2nd quarter. Old Port Advisors now owns 49,772 shares of the utilities provider’s stock valued at $3,704,000 after acquiring an additional 331 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of National Grid Transco by 12.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 76,410 shares of the utilities provider’s stock worth $5,686,000 after acquiring an additional 8,172 shares in the last quarter. Northside Capital Management LLC acquired a new stake in shares of National Grid Transco in the 2nd quarter worth approximately $2,330,000. Finally, Ballentine Partners LLC increased its stake in National Grid Transco by 14.9% in the 2nd quarter. Ballentine Partners LLC now owns 6,982 shares of the utilities provider’s stock valued at $520,000 after purchasing an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.40.

National Grid Transco Stock Up 1.6%

Shares of NYSE:NGG opened at $71.63 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $71.07 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.62 and a beta of 0.68. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $74.82. The stock’s fifty day simple moving average is $71.07 and its 200-day simple moving average is $70.41.

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.