9,050 Shares in National Grid Transco, PLC $NGG Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in National Grid Transco, PLC (NYSE:NGG) in the fourth quarter, HoldingsChannel reports. The fund purchased 9,050 shares of the utilities provider’s stock, valued at approximately $700,000.

A number of other institutional investors also recently bought and sold shares of NGG. Johnson Financial Group Inc. bought a new position in National Grid Transco in the third quarter worth about $25,000. Cullen Frost Bankers Inc. raised its stake in National Grid Transco by 88.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after buying an additional 162 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in National Grid Transco in the third quarter worth about $28,000. ESL Trust Services LLC raised its stake in National Grid Transco by 71.4% in the third quarter. ESL Trust Services LLC now owns 480 shares of the utilities provider’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in National Grid Transco in the third quarter worth about $36,000. 4.68% of the stock is owned by institutional investors.

National Grid Transco Trading Up 2.1%

Shares of NGG opened at $86.47 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.76. National Grid Transco, PLC has a fifty-two week low of $67.51 and a fifty-two week high of $94.64. The firm’s 50-day simple moving average is $86.68 and its two-hundred day simple moving average is $83.30.

National Grid Transco Announces Dividend

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

Analyst Upgrades and Downgrades

NGG has been the subject of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a report on Wednesday, April 15th. Zacks Research cut shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. Finally, UBS Group restated a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $83.80.

National Grid Transco Profile

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.