Lockheed Martin Investment Management Co. Sells 37,200 Shares of National Grid Transco, PLC $NGG

Lockheed Martin Investment Management Co. cut its position in National Grid Transco, PLC (NYSE:NGG) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 244,900 shares of the utilities provider’s stock after selling 37,200 shares during the quarter. National Grid Transco accounts for about 0.6% of Lockheed Martin Investment Management Co.’s holdings, making the stock its 29th biggest holding. Lockheed Martin Investment Management Co.’s holdings in National Grid Transco were worth $18,943,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in National Grid Transco by 650.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 71,924 shares of the utilities provider’s stock valued at $5,563,000 after purchasing an additional 62,334 shares during the last quarter. Allworth Financial LP raised its position in National Grid Transco by 52.3% in the fourth quarter. Allworth Financial LP now owns 4,797 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 1,648 shares during the last quarter. Atria Investments Inc raised its position in National Grid Transco by 3.9% in the fourth quarter. Atria Investments Inc now owns 79,862 shares of the utilities provider’s stock valued at $6,177,000 after purchasing an additional 3,031 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in National Grid Transco in the fourth quarter valued at about $286,000. Finally, Independent Advisor Alliance bought a new position in National Grid Transco in the fourth quarter valued at about $356,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Stock Down 7.6%

Shares of NGG opened at $80.74 on Friday. National Grid Transco, PLC has a 1 year low of $67.51 and a 1 year high of $94.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. The business has a 50-day moving average of $87.10 and a 200-day moving average of $83.01.

National Grid Transco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Friday, May 29th will be given a dividend of $2.1738 per share. This represents a dividend yield of 542.0%. The ex-dividend date is Friday, May 29th.

Analyst Upgrades and Downgrades

NGG has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Wednesday, April 15th. The Goldman Sachs Group restated a “neutral” rating on shares of National Grid Transco in a research report on Monday, March 23rd. Finally, UBS Group restated a “sell” rating on shares of National Grid Transco in a research report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, National Grid Transco presently has a consensus rating of “Hold” and an average price target of $83.80.

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.