National Grid Transco, PLC (NYSE:NGG) Position Increased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in National Grid Transco, PLC by 23.6% during Q1, holding 118,366 shares valued at approximately $7.77 million.
• National Grid Transco recently paid a semi-annual dividend of $2.0345 per share, yielding 470.0%, with a payout ratio currently at 78.27%.
• Analysts have a mixed outlook on the stock, with ratings ranging from sell to strong buy, while the average price target is set at $80.40.

Cetera Investment Advisers boosted its stake in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 23.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,366 shares of the utilities provider's stock after purchasing an additional 22,563 shares during the quarter. Cetera Investment Advisers' holdings in National Grid Transco were worth $7,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NGG. AE Wealth Management LLC boosted its holdings in shares of National Grid Transco by 11.3% during the first quarter. AE Wealth Management LLC now owns 9,180 shares of the utilities provider's stock valued at $602,000 after acquiring an additional 934 shares during the period. M. Kulyk & Associates LLC lifted its position in National Grid Transco by 0.6% in the 1st quarter. M. Kulyk & Associates LLC now owns 76,835 shares of the utilities provider's stock valued at $5,041,000 after purchasing an additional 480 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in National Grid Transco during the 1st quarter valued at about $1,675,000. Choreo LLC grew its position in National Grid Transco by 2.8% in the 1st quarter. Choreo LLC now owns 8,757 shares of the utilities provider's stock worth $575,000 after purchasing an additional 238 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in shares of National Grid Transco by 6.8% in the first quarter. HighPoint Advisor Group LLC now owns 8,596 shares of the utilities provider's stock valued at $564,000 after purchasing an additional 549 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Price Performance

NYSE NGG traded up $1.43 on Friday, reaching $71.82. 893,509 shares of the stock traded hands, compared to its average volume of 842,953. National Grid Transco, PLC has a 12 month low of $55.82 and a 12 month high of $74.82. The company has a market cap of $70.41 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 1.62 and a beta of 0.63. The firm's fifty day simple moving average is $71.87 and its 200 day simple moving average is $67.60. 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 company also recently announced a semi-annual dividend, which was paid on Monday, July 28th. Investors of record on Friday, May 30th were issued a dividend of $2.0345 per share. This represents a yield of 470.0%. The ex-dividend date of this dividend was Friday, May 30th. National Grid Transco's payout ratio is presently 78.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup reiterated a "neutral" rating on shares of National Grid Transco in a research report 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 price target for the company. BNP Paribas raised National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. UBS Group cut shares of National Grid Transco from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 29th. Finally, Barclays reaffirmed an "overweight" rating on shares of National Grid Transco in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.40.

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.