Good Steward Wealth Advisors LLC Purchases New Stake in National Grid Transco, PLC (NYSE:NGG)

Good Steward Wealth Advisors LLC purchased a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,473 shares of the utilities provider's stock, valued at approximately $425,000.

A number of other institutional investors also recently made changes to their positions in the stock. FMR LLC lifted its holdings in National Grid Transco by 11.9% in the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock valued at $265,185,000 after purchasing an additional 473,172 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of National Grid Transco by 5.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock valued at $83,496,000 after buying an additional 68,587 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of National Grid Transco in the fourth quarter valued at approximately $67,324,000. Merewether Investment Management LP lifted its stake in shares of National Grid Transco by 10.3% during the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock valued at $62,597,000 after buying an additional 98,461 shares during the period. Finally, LPL Financial LLC boosted its position in National Grid Transco by 3.3% during the fourth 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 last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on NGG. Royal Bank Of Canada lowered National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. Citigroup reiterated a "neutral" rating on shares of National Grid Transco in a research note on Tuesday, May 6th. BNP Paribas Exane started coverage on 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of National Grid Transco in a research note on Wednesday, May 21st. Finally, BNP Paribas raised shares of National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, National Grid Transco currently has an average rating of "Moderate Buy" and an average price target of $80.40.

National Grid Transco Trading Down 0.3%

Shares of NGG stock traded down $0.22 on Friday, reaching $70.80. 1,239,506 shares of the stock were exchanged, compared to its average volume of 765,618. 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 stock has a market cap of $69.28 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 6.14 and a beta of 0.63. The firm has a 50 day moving average of $71.71 and a two-hundred day moving average of $64.91. National Grid Transco, PLC has a 1-year low of $53.65 and a 1-year high of $73.03.

National Grid Transco Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, May 30th will be given a dividend of $2.0345 per share. This represents a yield of 4.7%. The ex-dividend date is Friday, May 30th. National Grid Transco's dividend payout ratio (DPR) is presently 78.08%.

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.