Leonteq Securities AG Makes New $541,000 Investment in National Grid Transco, PLC $NGG

Leonteq Securities AG purchased a new position in National Grid Transco, PLC (NYSE:NGG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,000 shares of the utilities provider’s stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NGG. AQR Capital Management LLC acquired a new stake in National Grid Transco in the 1st quarter worth $490,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in National Grid Transco by 79.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,966 shares of the utilities provider’s stock worth $2,360,000 after purchasing an additional 15,873 shares during the last quarter. NewEdge Advisors LLC grew its position in National Grid Transco by 12.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,767 shares of the utilities provider’s stock worth $575,000 after purchasing an additional 971 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of National Grid Transco by 11.1% during the 1st quarter. Focus Partners Wealth now owns 10,375 shares of the utilities provider’s stock worth $681,000 after acquiring an additional 1,036 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of National Grid Transco during the 2nd quarter worth about $221,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Monday, March 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of National Grid Transco in a report on Wednesday, March 18th. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, National Grid Transco currently has a consensus rating of “Reduce” and an average target price of $83.80.

National Grid Transco Price Performance

NYSE:NGG opened at $86.68 on Friday. The company has a 50-day moving average of $86.62 and a 200-day moving average of $83.33. National Grid Transco, PLC has a 52 week low of $67.51 and a 52 week high of $94.64. The company has a quick ratio of 0.90, a current ratio of 0.76 and a debt-to-equity ratio of 1.09.

National Grid Transco Dividend Announcement

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

National Grid Transco Company 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.