Wealth Alliance LLC raised its position in National Grid Transco, PLC (NYSE:NGG - Free Report) by 24.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,752 shares of the utilities provider's stock after acquiring an additional 5,088 shares during the period. Wealth Alliance LLC's holdings in National Grid Transco were worth $1,690,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of National Grid Transco during the first quarter worth about $28,000. Brown Brothers Harriman & Co. grew its holdings in National Grid Transco by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 198 shares during the period. SJS Investment Consulting Inc. purchased a new stake in National Grid Transco in the first quarter valued at approximately $29,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in National Grid Transco in the fourth quarter valued at approximately $53,000. Finally, Sound Income Strategies LLC grew its holdings in National Grid Transco by 197.3% in the first quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider's stock valued at $58,000 after purchasing an additional 582 shares during the period. Institutional investors and hedge funds own 4.68% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on NGG shares. UBS Group cut shares of National Grid Transco from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. 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 target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of National Grid Transco in a report on Wednesday, May 21st. Royal Bank Of Canada cut shares of National Grid Transco from an "outperform" rating to a "sector perform" rating in a report on Wednesday, May 28th. Finally, Barclays reiterated an "overweight" rating on shares of National Grid Transco in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.40.
Check Out Our Latest Research Report on National Grid Transco
National Grid Transco Trading Up 0.6%
Shares of NGG stock opened at $71.57 on Friday. The business's 50 day moving average is $71.76 and its two-hundred day moving average is $66.71. The company has a market cap of $70.03 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.62 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. National Grid Transco, PLC has a 12 month low of $54.24 and a 12 month high of $74.58.
National Grid Transco Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 28th. Investors of record on Friday, May 30th will be issued a $2.0345 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.7%. National Grid Transco's dividend payout ratio is 78.27%.
About National Grid Transco
(
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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