SG Trading Solutions LLC Acquires Shares of 12,920 National Grid Transco, PLC $NGG

SG Trading Solutions LLC acquired a new stake in National Grid Transco, PLC (NYSE:NGG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,920 shares of the utilities provider’s stock, valued at approximately $999,000.

A number of other hedge funds have also recently modified their holdings of NGG. Natural Investments LLC raised its position in National Grid Transco by 1.2% during the fourth quarter. Natural Investments LLC now owns 11,617 shares of the utilities provider’s stock valued at $898,000 after acquiring an additional 133 shares in the last quarter. Cozad Asset Management Inc. boosted its position in National Grid Transco by 4.4% in the 3rd quarter. Cozad Asset Management Inc. now owns 3,320 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 140 shares in the last quarter. Root Financial Partners LLC boosted its position in National Grid Transco by 88.2% in the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. IFP Advisors Inc grew its stake in shares of National Grid Transco by 28.1% during the 3rd quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 152 shares during the period. Finally, Huntington National Bank grew its stake in shares of National Grid Transco by 30.9% during the 3rd quarter. Huntington National Bank now owns 656 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Price Performance

Shares of NGG opened at $79.46 on Friday. National Grid Transco, PLC has a 12 month low of $67.51 and a 12 month high of $94.64. The stock’s 50 day moving average is $85.09 and its two-hundred day moving average is $84.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71.

National Grid Transco Announces Dividend

The business 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 of this dividend is Friday, May 29th. This represents a yield of 533.0%.

Analyst Ratings Changes

Several research firms recently issued reports on NGG. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $85.50.

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.