National Grid Transco, PLC $NGG Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,187,358 shares of the utilities provider’s stock after buying an additional 176,215 shares during the period. Natixis Advisors LLC’s holdings in National Grid Transco were worth $169,192,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its position in National Grid Transco by 88.2% during the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after buying an additional 149 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of National Grid Transco during the third quarter worth $25,000. Cullen Frost Bankers Inc. lifted its holdings in shares of National Grid Transco by 88.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 162 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in National Grid Transco in the 3rd quarter valued at $28,000. Finally, ESL Trust Services LLC grew its position in National Grid Transco by 71.4% in the 3rd quarter. ESL Trust Services LLC now owns 480 shares of the utilities provider’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Price Performance

National Grid Transco stock opened at $80.02 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76. National Grid Transco, PLC has a 1-year low of $67.51 and a 1-year high of $94.64. The stock’s 50 day moving average price is $86.04 and its 200 day moving average price is $83.72.

National Grid Transco Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 23rd. Investors of record on Friday, May 29th will be paid a $2.1738 dividend. The ex-dividend date is Friday, May 29th. This represents a dividend yield of 533.0%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NGG shares. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Friday. Citigroup reiterated a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. UBS Group reiterated a “sell” rating on shares of National Grid Transco in a research report on Monday, March 16th. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, National Grid Transco has a consensus rating of “Reduce” and an average price target of $85.50.

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.