JPMorgan Chase & Co. lowered its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 68.3% during the third quarter, HoldingsChannel reports. The firm owned 15,109 shares of the utilities provider’s stock after selling 32,544 shares during the period. JPMorgan Chase & Co.’s holdings in National Grid Transco were worth $948,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its holdings in National Grid Transco by 172.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,263,824 shares of the utilities provider’s stock worth $79,393,000 after purchasing an additional 799,514 shares in the last quarter. Miller Howard Investments Inc. NY raised its holdings in National Grid Transco by 0.3% during the third quarter. Miller Howard Investments Inc. NY now owns 1,029,056 shares of the utilities provider’s stock worth $64,532,000 after purchasing an additional 3,117 shares in the last quarter. Mondrian Investment Partners LTD acquired a new stake in National Grid Transco during the third quarter worth approximately $30,019,000. Dimensional Fund Advisors LP raised its holdings in National Grid Transco by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 377,556 shares of the utilities provider’s stock worth $23,718,000 after purchasing an additional 11,707 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in National Grid Transco by 12.8% during the third quarter. Aperio Group LLC now owns 261,626 shares of the utilities provider’s stock worth $16,407,000 after purchasing an additional 29,604 shares in the last quarter. 5.60% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank raised shares of National Grid Transco from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Macquarie raised shares of National Grid Transco from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. reissued a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. Finally, Credit Suisse Group raised shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.00.

National Grid Transco, PLC (NGG) opened at $57.58 on Friday. The company has a market cap of $39,010.00, a price-to-earnings ratio of 17.88, a PEG ratio of 4.20 and a beta of 0.44. National Grid Transco, PLC has a 1-year low of $56.63 and a 1-year high of $75.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th were issued a $1.0169 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a dividend yield of 3.44%. National Grid Transco’s payout ratio is 58.07%.

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National Grid Transco Profile

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.

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

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