Todd Asset Management LLC decreased its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,996 shares of the utilities provider’s stock after selling 1,838 shares during the period. Todd Asset Management LLC’s holdings in National Grid Transco, PLC were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Comerica Securities Inc. grew its position in shares of National Grid Transco, PLC by 0.5% during the 2nd quarter. Comerica Securities Inc. now owns 8,134 shares of the utilities provider’s stock valued at $511,000 after acquiring an additional 37 shares during the period. Ballentine Partners LLC grew its position in shares of National Grid Transco, PLC by 1.4% during the 2nd quarter. Ballentine Partners LLC now owns 4,480 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 60 shares during the period. Wellington Management Group LLP grew its position in shares of National Grid Transco, PLC by 2.2% during the 1st quarter. Wellington Management Group LLP now owns 4,708 shares of the utilities provider’s stock valued at $299,000 after acquiring an additional 100 shares during the period. State Street Corp grew its position in shares of National Grid Transco, PLC by 2.7% during the 2nd quarter. State Street Corp now owns 7,910 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 206 shares during the period. Finally, HighVista Strategies LLC grew its position in shares of National Grid Transco, PLC by 1.2% during the 2nd quarter. HighVista Strategies LLC now owns 27,043 shares of the utilities provider’s stock valued at $1,699,000 after acquiring an additional 320 shares during the period. 5.18% of the stock is owned by hedge funds and other institutional investors.

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National Grid Transco, PLC (NYSE:NGG) traded down $0.01 during trading on Wednesday, reaching $59.19. 647,200 shares of the company were exchanged, compared to its average volume of 510,892. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77. National Grid Transco, PLC has a 12 month low of $58.80 and a 12 month high of $75.24.

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

A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co reissued a “buy” rating on shares of National Grid Transco, PLC in a research report on Wednesday. Zacks Investment Research downgraded shares of National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research report on Wednesday. Berenberg Bank raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, BidaskClub raised shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $69.00.

National Grid Transco, PLC Company 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.

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

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