Lockheed Martin Investment Management Co. Has $18.94 Million Stock Position in National Grid Transco, PLC $NGG

Lockheed Martin Investment Management Co. lowered its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,900 shares of the utilities provider’s stock after selling 37,200 shares during the period. National Grid Transco makes up about 0.6% of Lockheed Martin Investment Management Co.’s holdings, making the stock its 29th biggest position. Lockheed Martin Investment Management Co.’s holdings in National Grid Transco were worth $18,943,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NGG. SG Americas Securities LLC grew its stake in National Grid Transco by 47,478.9% during the fourth quarter. SG Americas Securities LLC now owns 892,580 shares of the utilities provider’s stock worth $69,041,000 after purchasing an additional 890,704 shares during the period. Bank of America Corp DE grew its stake in National Grid Transco by 21.5% during the second quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock worth $342,017,000 after purchasing an additional 814,248 shares during the period. Bank of Montreal Can grew its stake in National Grid Transco by 67.4% during the third quarter. Bank of Montreal Can now owns 1,669,191 shares of the utilities provider’s stock worth $121,300,000 after purchasing an additional 672,050 shares during the period. Causeway Capital Management LLC grew its stake in National Grid Transco by 112.4% during the third quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider’s stock worth $48,772,000 after purchasing an additional 355,149 shares during the period. Finally, Raymond James Financial Inc. grew its stake in National Grid Transco by 20.3% during the second quarter. Raymond James Financial Inc. now owns 1,671,746 shares of the utilities provider’s stock worth $124,395,000 after purchasing an additional 282,085 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NGG. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research note on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research note on Wednesday, April 15th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. Finally, UBS Group reissued a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.80.

National Grid Transco Trading Down 7.6%

Shares of National Grid Transco stock opened at $80.74 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. National Grid Transco, PLC has a 52 week low of $67.51 and a 52 week high of $94.64. The stock has a 50 day moving average price of $87.10 and a two-hundred day moving average price of $83.01.

National Grid Transco Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th will be paid a $2.1738 dividend. This represents a yield of 542.0%. The ex-dividend date of this dividend is Friday, May 29th.

About National Grid Transco

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.