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Code Waechter LLC Purchases New Holdings in National Grid Transco, PLC (NYSE:NGG)

National Grid Transco logo with Utilities background

Code Waechter LLC bought a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,367 shares of the utilities provider's stock, valued at approximately $549,000.

A number of other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of National Grid Transco in the 1st quarter valued at $28,000. Brown Brothers Harriman & Co. increased its stake in National Grid Transco by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after buying an additional 198 shares during the period. SJS Investment Consulting Inc. purchased a new stake in National Grid Transco during the 1st quarter worth $29,000. Larson Financial Group LLC increased its position in shares of National Grid Transco by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock worth $42,000 after purchasing an additional 415 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of National Grid Transco in the 4th quarter worth about $53,000. Institutional investors and hedge funds own 4.68% of the company's stock.

National Grid Transco Price Performance

NGG stock traded down $0.50 on Friday, hitting $70.15. 940,807 shares of the company's stock traded hands, compared to its average volume of 756,614. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock has a market cap of $68.64 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.65 and a beta of 0.63. National Grid Transco, PLC has a 1-year low of $54.24 and a 1-year high of $74.58. The stock has a fifty day moving average of $71.79 and a 200-day moving average of $66.25.

National Grid Transco Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. BNP Paribas raised shares of National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Citigroup reaffirmed a "neutral" rating on shares of National Grid Transco in a research report on Tuesday, May 6th. BNP Paribas Exane began coverage on shares of National Grid Transco in a report on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective for the company. Finally, UBS Group cut shares of National Grid Transco from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, National Grid Transco has a consensus rating of "Moderate Buy" and an average price target of $80.40.

Read Our Latest Report on National Grid Transco

National Grid Transco Profile

(Free Report)

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.

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

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