Callan Capital LLC Buys Shares of 4,207 National Grid Transco, PLC (NYSE:NGG)

Callan Capital LLC bought a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,207 shares of the utilities provider's stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in National Grid Transco during the first quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. raised its position in National Grid Transco by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider's stock valued at $907,000 after acquiring an additional 500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in National Grid Transco by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,013 shares of the utilities provider's stock valued at $3,863,000 after acquiring an additional 3,186 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in National Grid Transco by 25.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider's stock valued at $398,000 after acquiring an additional 1,231 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in National Grid Transco by 8.9% during the fourth quarter. Two Sigma Investments LP now owns 5,100 shares of the utilities provider's stock valued at $303,000 after acquiring an additional 417 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

Analyst Ratings Changes

NGG has been the subject of several recent research reports. Barclays reiterated an "overweight" rating on shares of National Grid Transco in a research report on Friday, May 16th. Wall Street Zen cut National Grid Transco from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. BNP Paribas upgraded National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada cut National Grid Transco from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, National Grid Transco presently has an average rating of "Moderate Buy" and a consensus target price of $80.40.

National Grid Transco Price Performance

Shares of National Grid Transco stock traded down $0.23 on Thursday, reaching $70.62. The company's stock had a trading volume of 951,102 shares, compared to its average volume of 759,971. The company has a market capitalization of $69.10 billion, a P/E ratio of 13.58, a PEG ratio of 1.66 and a beta of 0.63. National Grid Transco, PLC has a 52-week low of $54.24 and a 52-week high of $74.58. The stock has a 50-day moving average price of $71.84 and a 200-day moving average price of $66.09. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13.

National Grid Transco Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, May 30th will be given a $2.0345 dividend. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, May 30th. National Grid Transco's dividend payout ratio (DPR) is presently 78.27%.

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.