Good Steward Wealth Advisors LLC Buys Shares of 6,473 National Grid Transco, PLC (NYSE:NGG)

Good Steward Wealth Advisors LLC purchased a new stake in National Grid Transco, PLC (NYSE:NGG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,473 shares of the utilities provider's stock, valued at approximately $425,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of National Grid Transco by 7.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,806 shares of the utilities provider's stock worth $286,000 after acquiring an additional 346 shares during the period. Principal Securities Inc. increased its position in shares of National Grid Transco by 13.6% during the fourth quarter. Principal Securities Inc. now owns 12,248 shares of the utilities provider's stock worth $728,000 after acquiring an additional 1,464 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of National Grid Transco during the fourth quarter worth approximately $239,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of National Grid Transco during the fourth quarter worth approximately $201,000. Finally, Global Retirement Partners LLC increased its position in shares of National Grid Transco by 31.0% during the fourth quarter. Global Retirement Partners LLC now owns 4,292 shares of the utilities provider's stock worth $255,000 after acquiring an additional 1,016 shares during the period. Institutional investors own 4.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NGG shares. Royal Bank Of Canada lowered shares of National Grid Transco from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, May 28th. BNP Paribas Exane started coverage on shares of National Grid Transco in a research report on Thursday, May 29th. They set an "outperform" rating and a $80.40 target price on the stock. Barclays reaffirmed an "overweight" rating on shares of National Grid Transco in a research report on Friday, May 16th. Wall Street Zen lowered shares of National Grid Transco from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Finally, UBS Group lowered 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, National Grid Transco currently has an average rating of "Moderate Buy" and an average target price of $80.40.

National Grid Transco Stock Up 3.5%

NGG stock traded up $2.51 during trading on Monday, hitting $73.37. 1,291,495 shares of the company's stock traded hands, compared to its average volume of 762,596. The firm has a market capitalization of $71.79 billion, a P/E ratio of 14.11, a PEG ratio of 6.13 and a beta of 0.63. The business has a fifty day simple moving average of $71.84 and a two-hundred day simple moving average of $65.09. 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, PLC has a 1 year low of $53.65 and a 1 year high of $73.82.

National Grid Transco Cuts Dividend

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