Zevin Asset Management LLC Lowers Position in National Grid Transco, PLC $NGG

Zevin Asset Management LLC lowered its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 13.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,585 shares of the utilities provider’s stock after selling 9,370 shares during the period. Zevin Asset Management LLC’s holdings in National Grid Transco were worth $4,548,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NGG. HBK Sorce Advisory LLC increased its holdings in shares of National Grid Transco by 1.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 7,535 shares of the utilities provider’s stock worth $555,000 after buying an additional 137 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in National Grid Transco by 14.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,109 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 137 shares during the period. Carr Financial Group Corp grew its position in National Grid Transco by 2.6% during the third quarter. Carr Financial Group Corp now owns 5,634 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 141 shares during the period. Huntington National Bank increased its stake in National Grid Transco by 41.1% during the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in shares of National Grid Transco by 3.4% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 4,671 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NGG. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd. Zacks Research upgraded shares of National Grid Transco from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research report on Monday, January 26th. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research note on Thursday, February 5th. Finally, National Bank Financial set a $85.50 price target on shares of National Grid Transco in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, National Grid Transco currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.80.

National Grid Transco Price Performance

NYSE NGG opened at $90.33 on Monday. The company’s fifty day simple moving average is $82.33 and its 200-day simple moving average is $76.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. National Grid Transco, PLC has a 52 week low of $59.35 and a 52 week high of $93.17.

National Grid Transco Company Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.