Gradient Investments LLC Increases Stock Holdings in National Grid Transco, PLC $NGG

Gradient Investments LLC boosted its holdings in National Grid Transco, PLC (NYSE:NGG) by 65.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,642 shares of the utilities provider’s stock after acquiring an additional 6,598 shares during the period. Gradient Investments LLC’s holdings in National Grid Transco were worth $1,209,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NGG. Trust Co. of Toledo NA OH purchased a new stake in National Grid Transco during the second quarter worth about $31,000. V Square Quantitative Management LLC acquired a new stake in National Grid Transco in the second quarter valued at $35,000. Huntington National Bank lifted its stake in National Grid Transco by 41.1% during the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 146 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of National Grid Transco by 100.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after buying an additional 263 shares during the last quarter. Finally, Capital Analysts LLC boosted its stake in National Grid Transco by 33.6% in the first quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Down 1.0%

NGG opened at $76.37 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $75.95 and its 200 day moving average price is $73.05. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $78.49.

National Grid Transco Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st will be given a dividend of $1.0657 per share. This represents a dividend yield of 284.0%. The ex-dividend date is Friday, November 21st.

Analyst Ratings Changes

A number of research firms have commented on NGG. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. BNP Paribas Exane cut National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. National Bankshares set a $85.50 price target on shares of National Grid Transco in a report on Friday, December 12th. BNP Paribas lowered National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, November 24th. Finally, Morgan Stanley initiated coverage on National Grid Transco in a report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price target for the company. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, National Grid Transco presently has an average rating of “Hold” and an average price target of $83.80.

About National Grid Transco

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.