Phillips Wealth Planners LLC acquired a new stake in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,849 shares of the utilities provider's stock, valued at approximately $262,000.
A number of other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its stake in National Grid Transco by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock worth $265,000 after purchasing an additional 868 shares during the period. Atria Wealth Solutions Inc. purchased a new position in National Grid Transco in the 4th quarter worth approximately $239,000. Charles Schwab Investment Management Inc. increased its stake in National Grid Transco by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,013 shares of the utilities provider's stock worth $3,863,000 after purchasing an additional 3,186 shares during the period. IFP Advisors Inc increased its stake in National Grid Transco by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock worth $62,000 after purchasing an additional 174 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in National Grid Transco by 25.5% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider's stock worth $398,000 after purchasing an additional 1,231 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.
National Grid Transco Price Performance
NGG opened at $73.21 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. National Grid Transco, PLC has a 52-week low of $53.65 and a 52-week high of $74.24. The stock has a market capitalization of $71.63 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 6.34 and a beta of 0.63. The stock's 50 day moving average price is $71.92 and its 200-day moving average price is $65.20.
National Grid Transco Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 28th. Stockholders 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 Analyst Weigh In
A number of equities analysts have commented on the company. Wall Street Zen cut National Grid Transco from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Citigroup reaffirmed a "neutral" rating on shares of National Grid Transco in a research note on Tuesday, May 6th. Royal Bank Of Canada cut National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. BNP Paribas raised National Grid Transco from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, BNP Paribas Exane initiated coverage on National Grid Transco in a research note on Thursday, May 29th. They set an "outperform" rating and a $80.40 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, National Grid Transco presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.40.
Check Out Our Latest Stock Analysis on NGG
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.
Further Reading
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