Csenge Advisory Group Invests $252,000 in National Grid Transco, PLC (NYSE:NGG)

Csenge Advisory Group acquired a new stake in 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. The firm acquired 3,492 shares of the utilities provider's stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NGG. FMR LLC raised its holdings in shares of National Grid Transco by 11.9% during the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after acquiring an additional 473,172 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of National Grid Transco by 5.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock worth $83,496,000 after acquiring an additional 68,587 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of National Grid Transco by 19.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider's stock worth $90,044,000 after acquiring an additional 228,179 shares during the period. Merewether Investment Management LP raised its holdings in shares of National Grid Transco by 10.3% during the 4th quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock worth $62,597,000 after acquiring an additional 98,461 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of National Grid Transco by 3.3% during the 4th quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider's stock worth $46,441,000 after acquiring an additional 25,082 shares during the period. Hedge funds and other institutional investors own 4.68% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BNP Paribas Exane assumed coverage on National Grid Transco in a report on Thursday, May 29th. They set an "outperform" rating and a $80.40 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. Barclays reissued an "overweight" rating on shares of National Grid Transco in a research report on Friday, May 16th. Wall Street Zen downgraded National Grid Transco from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada downgraded National Grid Transco from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.40.

National Grid Transco Trading Down 0.2%

NYSE NGG traded down $0.12 during trading on Friday, hitting $72.11. The stock had a trading volume of 553,504 shares, compared to its average volume of 917,810. The company has a market capitalization of $70.70 billion, a PE ratio of 13.87, a PEG ratio of 1.63 and a beta of 0.63. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average price of $72.16 and a 200 day moving average price of $67.19. National Grid Transco, PLC has a twelve month low of $55.82 and a twelve month high of $74.82.

National Grid Transco Cuts Dividend

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

About National Grid Transco

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.