Cetera Investment Advisers lessened its position in National Grid Transco, PLC (NYSE:NGG) by 20.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,526 shares of the utilities provider’s stock after selling 1,177 shares during the period. Cetera Investment Advisers’ holdings in National Grid Transco were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NGG. Capital International Investors lifted its stake in shares of National Grid Transco by 302.5% in the third quarter. Capital International Investors now owns 2,693,566 shares of the utilities provider’s stock worth $168,914,000 after buying an additional 2,024,400 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of National Grid Transco by 172.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,263,824 shares of the utilities provider’s stock worth $79,393,000 after buying an additional 799,514 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in shares of National Grid Transco in the third quarter worth approximately $30,019,000. Reaves W H & Co. Inc. lifted its stake in shares of National Grid Transco by 190.2% in the second quarter. Reaves W H & Co. Inc. now owns 468,260 shares of the utilities provider’s stock worth $29,416,000 after buying an additional 306,919 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of National Grid Transco by 11.3% in the third quarter. Wells Fargo & Company MN now owns 1,871,386 shares of the utilities provider’s stock worth $117,355,000 after buying an additional 189,757 shares in the last quarter. Hedge funds and other institutional investors own 5.61% of the company’s stock.

National Grid Transco, PLC (NYSE:NGG) traded down $0.65 on Friday, hitting $58.30. 684,100 shares of the stock traded hands, compared to its average volume of 516,964. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. National Grid Transco, PLC has a 1 year low of $58.27 and a 1 year high of $75.24.

The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be issued a dividend of $1.0169 per share. The ex-dividend date is Wednesday, November 22nd. This represents a dividend yield of 3.44%.

Several research analysts have recently weighed in on NGG shares. Zacks Investment Research raised shares of National Grid Transco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Credit Suisse Group raised shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. J P Morgan Chase & Co reissued a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. ValuEngine raised shares of National Grid Transco from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Deutsche Bank raised shares of National Grid Transco from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. National Grid Transco has a consensus rating of “Hold” and a consensus target price of $69.00.

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About National Grid Transco

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Institutional Ownership by Quarter for National Grid Transco (NYSE:NGG)

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