Phillips Wealth Planners LLC Takes Position in National Grid Transco, PLC (NYSE:NGG)

Phillips Wealth Planners LLC acquired a new stake in National Grid Transco, PLC (NYSE:NGG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,849 shares of the utilities provider's stock, valued at approximately $262,000.

Several other institutional investors have also recently bought and sold shares of NGG. Raymond James Financial Inc. bought a new position in National Grid Transco in the 4th quarter valued at $67,324,000. FMR LLC raised its position 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 during the last quarter. D. E. Shaw & Co. Inc. raised its position in National Grid Transco by 5,134.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 330,706 shares of the utilities provider's stock valued at $19,651,000 after purchasing an additional 324,388 shares during the last quarter. Guardian Partners Inc. bought a new position in National Grid Transco in the 4th quarter valued at $9,849,000. Finally, Northern Trust Corp raised its position in shares of National Grid Transco by 27.9% during the fourth quarter. Northern Trust Corp now owns 631,574 shares of the utilities provider's stock worth $37,528,000 after acquiring an additional 137,673 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Transco Trading Down 1.1%

Shares of National Grid Transco stock traded down $0.84 during trading on Friday, reaching $73.49. 1,176,227 shares of the company were exchanged, compared to its average volume of 756,818. 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 twelve month low of $54.24 and a twelve month high of $74.36. The business has a 50-day moving average price of $71.99 and a 200-day moving average price of $65.45. The firm has a market capitalization of $71.91 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 6.20 and a beta of 0.63.

National Grid Transco Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 28th. Investors of record on Friday, May 30th will be paid a dividend of $2.0345 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.7%. National Grid Transco's dividend payout ratio (DPR) is presently 78.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays restated an "overweight" rating on shares of National Grid Transco in a research report on Friday, May 16th. UBS Group downgraded National Grid Transco from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. Sanford C. Bernstein upgraded National Grid Transco from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Finally, BNP Paribas upgraded National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research report on Thursday, May 29th. One 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.40.

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.