Cwm LLC Has $1.48 Million Holdings in National Grid Transco, PLC $NGG

Cwm LLC cut its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,183 shares of the utilities provider’s stock after selling 7,757 shares during the period. Cwm LLC’s holdings in National Grid Transco were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NGG. AQR Capital Management LLC acquired a new position in National Grid Transco during the 1st quarter valued at about $490,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in National Grid Transco by 79.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,966 shares of the utilities provider’s stock valued at $2,360,000 after purchasing an additional 15,873 shares during the period. NewEdge Advisors LLC lifted its position in National Grid Transco by 12.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,767 shares of the utilities provider’s stock valued at $575,000 after purchasing an additional 971 shares during the period. Focus Partners Wealth lifted its position in National Grid Transco by 11.1% during the 1st quarter. Focus Partners Wealth now owns 10,375 shares of the utilities provider’s stock valued at $681,000 after purchasing an additional 1,036 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in National Grid Transco during the 2nd quarter valued at about $221,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NGG shares. Citigroup restated a “neutral” rating on shares of National Grid Transco in a research report on Monday, January 26th. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group restated a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. Finally, UBS Group reiterated a “sell” rating on shares of National Grid Transco in a research report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.80.

National Grid Transco Stock Up 0.0%

Shares of NYSE:NGG opened at $87.45 on Monday. The firm’s 50 day simple moving average is $88.47 and its 200 day simple moving average is $82.04. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. National Grid Transco, PLC has a fifty-two week low of $67.08 and a fifty-two week high of $94.64.

About National Grid Transco

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.