Shares of National Grid Transco, PLC (NYSE:NGG - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $73.41 and last traded at $73.37, with a volume of 1291487 shares trading hands. The stock had previously closed at $70.86.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Barclays reaffirmed an "overweight" rating on shares of National Grid Transco in a research note on Friday, May 16th. Royal Bank Of Canada lowered National Grid Transco from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, May 28th. BNP Paribas Exane initiated coverage on National Grid Transco in a research note on Thursday, May 29th. They issued an "outperform" rating and a $80.40 target price for the company. UBS Group cut National Grid Transco from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. Finally, Citigroup reissued a "neutral" rating on shares of National Grid Transco in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.40.
View Our Latest Report on NGG
National Grid Transco Trading Up 1.5%
The business has a 50-day moving average price of $71.96 and a two-hundred day moving average price of $65.29. The company has a market cap of $72.73 billion, a P/E ratio of 14.29, a P/E/G ratio of 6.34 and a beta of 0.63. 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 company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, May 30th will be issued 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 is currently 78.27%.
Institutional Investors Weigh In On National Grid Transco
A number of institutional investors and hedge funds have recently modified their holdings of NGG. Mayflower Financial Advisors LLC grew its holdings in National Grid Transco by 4.0% during the 1st quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider's stock worth $239,000 after acquiring an additional 140 shares during the period. First Horizon Advisors Inc. boosted its position in shares of National Grid Transco by 13.9% in the 1st quarter. First Horizon Advisors Inc. now owns 1,227 shares of the utilities provider's stock worth $81,000 after purchasing an additional 150 shares during the last quarter. Sage Rhino Capital LLC grew its stake in shares of National Grid Transco by 3.6% during the first quarter. Sage Rhino Capital LLC now owns 4,524 shares of the utilities provider's stock worth $297,000 after purchasing an additional 156 shares during the period. Capital Analysts LLC grew its stake in shares of National Grid Transco by 33.6% during the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider's stock worth $42,000 after purchasing an additional 161 shares during the period. Finally, Gradient Investments LLC increased its holdings in National Grid Transco by 2.0% in the first quarter. Gradient Investments LLC now owns 8,156 shares of the utilities provider's stock valued at $535,000 after purchasing an additional 163 shares during the last quarter. 4.68% of the stock is owned by institutional investors.
About National Grid Transco
(
Get 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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