TD Private Client Wealth LLC Has $4.48 Million Stake in National Grid Transco, PLC (NYSE:NGG)

TD Private Client Wealth LLC grew its holdings in National Grid Transco, PLC (NYSE:NGG - Free Report) by 33.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,238 shares of the utilities provider's stock after buying an additional 17,124 shares during the quarter. TD Private Client Wealth LLC's holdings in National Grid Transco were worth $4,477,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its position in shares of National Grid Transco by 11.9% during the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after purchasing an additional 473,172 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in National Grid Transco by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock worth $83,496,000 after buying an additional 68,587 shares in the last quarter. Envestnet Asset Management Inc. grew its position in National Grid Transco by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider's stock worth $90,044,000 after buying an additional 228,179 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of National Grid Transco during the 4th quarter valued at approximately $67,324,000. Finally, Merewether Investment Management LP grew its position in shares of National Grid Transco by 10.3% in the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock valued at $62,597,000 after purchasing an additional 98,461 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco Price Performance

NGG stock traded up $0.30 on Wednesday, hitting $70.85. 569,550 shares of the company's stock traded hands, compared to its average volume of 759,178. The stock has a market cap of $69.32 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.65 and a beta of 0.63. National Grid Transco, PLC has a 1-year low of $54.24 and a 1-year high of $74.58. 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 stock has a fifty day moving average of $71.89 and a 200-day moving average of $66.05.

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 of this dividend is Friday, May 30th. This represents a dividend yield of 4.7%. National Grid Transco's dividend payout ratio (DPR) is presently 78.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NGG shares. 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 report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of National Grid Transco in a report on Wednesday, May 21st. BNP Paribas raised shares of National Grid Transco from an "outperform" rating to a "strong-buy" rating in a report on Thursday, May 29th. Finally, BNP Paribas Exane initiated coverage on shares of 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. One investment analyst has rated the stock with a sell rating, three have given 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 presently has an average 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.