Tred Avon Family Wealth LLC Takes Position in National Grid Transco, PLC $NGG

Tred Avon Family Wealth LLC bought a new stake in National Grid Transco, PLC (NYSE:NGG) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 9,933 shares of the utilities provider’s stock, valued at approximately $722,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of National Grid Transco in the 1st quarter valued at $490,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in National Grid Transco by 79.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,966 shares of the utilities provider’s stock worth $2,360,000 after purchasing an additional 15,873 shares in the last quarter. NewEdge Advisors LLC lifted its stake in National Grid Transco by 12.5% during the first quarter. NewEdge Advisors LLC now owns 8,767 shares of the utilities provider’s stock worth $575,000 after purchasing an additional 971 shares during the period. Focus Partners Wealth boosted its holdings in National Grid Transco by 11.1% during the first quarter. Focus Partners Wealth now owns 10,375 shares of the utilities provider’s stock valued at $681,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of National Grid Transco by 1.9% in the 1st quarter. Rhumbline Advisers now owns 17,184 shares of the utilities provider’s stock valued at $1,127,000 after purchasing an additional 328 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Up 1.9%

National Grid Transco stock opened at $80.85 on Friday. The stock has a 50-day simple moving average of $76.98 and a 200 day simple moving average of $73.96. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14. National Grid Transco, PLC has a 12-month low of $59.06 and a 12-month high of $80.89.

National Grid Transco Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 13th. Investors of record on Friday, November 21st were given a $1.0657 dividend. This represents a yield of 284.0%. The ex-dividend date was Friday, November 21st.

Wall Street Analyst Weigh In

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

About National Grid Transco

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.