Guardian Capital LP decreased its position in shares of National Grid Transco, PLC (NYSE:NGG) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,613 shares of the utilities provider’s stock after selling 3,227 shares during the period. Guardian Capital LP’s holdings in National Grid Transco were worth $10,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NGG. Guardian Capital Advisors LP grew its stake in shares of National Grid Transco by 4.8% during the third quarter. Guardian Capital Advisors LP now owns 124,794 shares of the utilities provider’s stock valued at $7,738,000 after buying an additional 5,685 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of National Grid Transco during the third quarter valued at about $163,000. Janney Montgomery Scott LLC bought a new position in shares of National Grid Transco during the third quarter valued at about $2,424,000. Valeo Financial Advisors LLC bought a new position in shares of National Grid Transco during the third quarter valued at about $103,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of National Grid Transco by 23.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,588 shares of the utilities provider’s stock valued at $2,232,000 after buying an additional 6,702 shares during the last quarter. Institutional investors and hedge funds own 5.61% of the company’s stock.

National Grid Transco, PLC (NYSE:NGG) traded down $0.20 during midday trading on Wednesday, hitting $59.13. The company had a trading volume of 495,600 shares, compared to its average volume of 515,888. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32. National Grid Transco, PLC has a 12 month low of $58.42 and a 12 month high of $75.24.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, November 24th will be paid a $1.0169 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a dividend yield of 3.44%.

NGG has been the topic of a number of recent research reports. Zacks Investment Research raised National Grid Transco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Credit Suisse Group raised National Grid Transco from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of National Grid Transco in a research note on Wednesday, November 15th. ValuEngine raised National Grid Transco from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Deutsche Bank raised National Grid Transco from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target 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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