Lido Advisors LLC Purchases 10,333 Shares of National Grid Transco, PLC $NGG

Lido Advisors LLC boosted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 167.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 16,500 shares of the utilities provider’s stock after purchasing an additional 10,333 shares during the period. Lido Advisors LLC’s holdings in National Grid Transco were worth $1,396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NGG. Sound Income Strategies LLC raised its position in shares of National Grid Transco by 13.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,075 shares of the utilities provider’s stock valued at $93,000 after buying an additional 129 shares in the last quarter. Natural Investments LLC boosted its position in shares of National Grid Transco by 1.2% during the 4th quarter. Natural Investments LLC now owns 11,617 shares of the utilities provider’s stock worth $898,000 after acquiring an additional 133 shares in the last quarter. Root Financial Partners LLC increased its stake in National Grid Transco by 88.2% in the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. IFP Advisors Inc increased its stake in National Grid Transco by 28.1% in the third quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 152 shares during the last quarter. Finally, Optas LLC raised its position in National Grid Transco by 1.9% during the fourth quarter. Optas LLC now owns 8,739 shares of the utilities provider’s stock valued at $676,000 after purchasing an additional 160 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Transco Trading Down 1.3%

Shares of NGG opened at $81.20 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. The firm’s fifty day simple moving average is $82.60 and its two-hundred day simple moving average is $85.29. National Grid Transco, PLC has a 12 month low of $67.51 and a 12 month high of $94.64.

National Grid Transco Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th were paid a $2.1738 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a yield of 533.0%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NGG. Wall Street Zen upgraded National Grid Transco from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Friday, July 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $85.50.

National Grid Transco 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.