Anchor Capital Advisors LLC Sells 230 Shares of National Grid Transco, PLC (NGG)

Anchor Capital Advisors LLC lowered its position in National Grid Transco, PLC (NYSE:NGG) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,350 shares of the company’s stock after selling 230 shares during the period. Anchor Capital Advisors LLC’s holdings in National Grid Transco, PLC were worth $2,372,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in National Grid Transco, PLC during the third quarter worth about $138,000. Feltz Wealth PLAN Inc. acquired a new stake in National Grid Transco, PLC during the second quarter worth about $149,000. Cornerstone Advisors Inc. raised its stake in National Grid Transco, PLC by 5,054.3% in the third quarter. Cornerstone Advisors Inc. now owns 2,371 shares of the company’s stock worth $169,000 after buying an additional 2,325 shares during the last quarter. Chemung Canal Trust Co. acquired a new stake in National Grid Transco, PLC during the second quarter worth about $206,000. Finally, FTB Advisors Inc. raised its stake in National Grid Transco, PLC by 4.1% in the second quarter. FTB Advisors Inc. now owns 2,846 shares of the company’s stock worth $211,000 after buying an additional 113 shares during the last quarter. 5.58% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for National Grid Transco, PLC (NYSE:NGG)

Shares of National Grid Transco, PLC (NYSE:NGG) opened at 59.88 on Friday. National Grid Transco, PLC has a 12 month low of $56.50 and a 12 month high of $74.97. The stock’s 50 day moving average is $58.30 and its 200 day moving average is $64.15. The firm has a market cap of $45.07 billion, a PE ratio of 17.59 and a beta of 0.43.

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A number of equities research analysts have recently issued reports on NGG shares. Zacks Investment Research raised shares of National Grid Transco, PLC from a “sell” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, January 11th. Argus raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Thursday, December 1st. They noted that the move was a valuation call. Beaufort Securities reissued a “buy” rating on shares of National Grid Transco, PLC in a report on Friday, December 9th. Investec raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Friday, January 13th. Finally, Berenberg Bank raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Friday, January 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.00.

About National Grid Transco, PLC

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

5 Day Chart for NYSE:NGG

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