TD Private Client Wealth LLC Boosts Stock Position in National Grid Transco, PLC (NYSE:NGG)

TD Private Client Wealth LLC grew its stake in shares of National Grid Transco, PLC (NYSE:NGG - Free Report) by 33.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,238 shares of the utilities provider's stock after acquiring an additional 17,124 shares during the quarter. TD Private Client Wealth LLC's holdings in National Grid Transco were worth $4,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NGG. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco during the first quarter valued at $28,000. Brown Brothers Harriman & Co. increased its holdings in shares of National Grid Transco by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 198 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in shares of National Grid Transco during the first quarter valued at $29,000. Larson Financial Group LLC increased its holdings in shares of National Grid Transco by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 415 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of National Grid Transco during the fourth quarter valued at $53,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Stock Performance

Shares of National Grid Transco stock traded down $0.66 during trading hours on Friday, reaching $69.99. 308,033 shares of the stock traded hands, compared to its average volume of 758,517. The company has a 50 day moving average price of $71.82 and a 200 day moving average price of $66.17. The firm has a market capitalization of $68.48 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 1.66 and a beta of 0.63. National Grid Transco, PLC has a one year low of $54.24 and a one year high of $74.58. 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 Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, May 30th will be given 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 payout ratio is currently 78.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NGG shares. Royal Bank Of Canada downgraded National Grid Transco from an "outperform" rating to a "sector perform" rating in a report on Wednesday, May 28th. Citigroup reiterated a "neutral" rating on shares of National Grid Transco in a report on Tuesday, May 6th. Barclays reiterated an "overweight" rating on shares of National Grid Transco in a report on Friday, May 16th. UBS Group downgraded National Grid Transco from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded National Grid Transco from a "hold" rating to a "sell" rating in a report on Friday, May 16th. One investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.40.

National Grid Transco Company Profile

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.