Sagespring Wealth Partners LLC bought a new position in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,084 shares of the utilities provider's stock, valued at approximately $268,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in shares of National Grid Transco during the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. raised its holdings in National Grid Transco by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after buying an additional 198 shares during the period. SJS Investment Consulting Inc. acquired a new stake in National Grid Transco during the 1st quarter worth approximately $29,000. Larson Financial Group LLC lifted its stake in National Grid Transco by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after buying an additional 415 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of National Grid Transco by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after buying an additional 192 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on NGG. Sanford C. Bernstein upgraded shares of National Grid Transco from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Royal Bank Of Canada downgraded National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of National Grid Transco in a report on Wednesday, May 21st. UBS Group downgraded National Grid Transco from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. Finally, BNP Paribas Exane assumed coverage on National Grid Transco in a research note on Thursday, May 29th. They issued an "outperform" rating and a $80.40 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, National Grid Transco presently has a consensus rating of "Moderate Buy" and an average price target of $80.40.
Check Out Our Latest Analysis on NGG
National Grid Transco Stock Down 0.3%
Shares of National Grid Transco stock traded down $0.22 during trading hours on Friday, reaching $70.80. 1,239,506 shares of the company's stock were exchanged, compared to its average volume of 765,618. The stock has a market cap of $69.28 billion, a P/E ratio of 13.62, a P/E/G ratio of 6.14 and a beta of 0.63. The company has a 50 day moving average of $71.71 and a two-hundred day moving average of $64.91. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a fifty-two week low of $53.65 and a fifty-two week high of $73.03.
National Grid Transco Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, July 28th. Investors of record on Friday, May 30th will be given a dividend of $2.0345 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 4.7%. National Grid Transco's dividend payout ratio (DPR) is presently 78.08%.
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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