Retirement Planning Co of New England Inc. cut its position in National Grid Transco, PLC (NYSE:NGG - Free Report) by 44.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,640 shares of the utilities provider's stock after selling 7,641 shares during the period. Retirement Planning Co of New England Inc.'s holdings in National Grid Transco were worth $632,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in NGG. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco in the first quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. increased its holdings in National Grid Transco by 3.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider's stock valued at $907,000 after purchasing an additional 500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 valued at $3,863,000 after purchasing an additional 3,186 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of National Grid Transco by 25.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider's stock valued at $398,000 after buying an additional 1,231 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in National Grid Transco by 97.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,481 shares of the utilities provider's stock worth $624,000 after acquiring an additional 4,675 shares during the last quarter. 4.68% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on NGG. BNP Paribas Exane started coverage on National Grid Transco in a research report on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective on the stock. Citigroup reaffirmed a "neutral" rating on shares of National Grid Transco in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of National Grid Transco in a research report on Wednesday, May 21st. Barclays reiterated an "overweight" rating on shares of National Grid Transco in a report on Friday, May 16th. Finally, BNP Paribas upgraded National Grid Transco from an "outperform" rating to a "strong-buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $80.40.
Get Our Latest Research Report on National Grid Transco
National Grid Transco Stock Performance
NGG stock opened at $71.21 on Friday. The firm has a market cap of $69.67 billion, a PE ratio of 13.69, a P/E/G ratio of 1.60 and a beta of 0.63. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The business's 50-day moving average price is $71.74 and its two-hundred day moving average price is $66.58. National Grid Transco, PLC has a 1-year low of $54.24 and a 1-year high of $74.58.
National Grid Transco Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, May 30th will be paid a $2.0345 dividend. This represents a yield of 4.7%. The ex-dividend date is Friday, May 30th. National Grid Transco's payout ratio is currently 78.27%.
National Grid Transco Profile
(
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
Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid Transco, PLC (NYSE:NGG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider National Grid Transco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Grid Transco wasn't on the list.
While National Grid Transco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
