Northwestern Mutual Wealth Management Co. Buys 62,334 Shares of National Grid Transco, PLC $NGG

Northwestern Mutual Wealth Management Co. boosted its stake in National Grid Transco, PLC (NYSE:NGG) by 650.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,924 shares of the utilities provider’s stock after acquiring an additional 62,334 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in National Grid Transco were worth $5,563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of National Grid Transco by 52.3% during the 4th quarter. Allworth Financial LP now owns 4,797 shares of the utilities provider’s stock worth $371,000 after buying an additional 1,648 shares during the last quarter. Atria Investments Inc grew its holdings in shares of National Grid Transco by 3.9% in the 4th quarter. Atria Investments Inc now owns 79,862 shares of the utilities provider’s stock valued at $6,177,000 after acquiring an additional 3,031 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of National Grid Transco in the 4th quarter valued at about $286,000. Independent Advisor Alliance bought a new position in shares of National Grid Transco in the 4th quarter valued at about $356,000. Finally, World Investment Advisors grew its holdings in shares of National Grid Transco by 7.7% in the 4th quarter. World Investment Advisors now owns 9,952 shares of the utilities provider’s stock valued at $770,000 after acquiring an additional 708 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NGG shares. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a report on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating on shares of National Grid Transco in a report on Wednesday, March 18th. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. The Goldman Sachs Group restated a “neutral” rating on shares of National Grid Transco in a report on Monday, March 23rd. Finally, Zacks Research cut National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, National Grid Transco presently has an average rating of “Reduce” and a consensus price target of $83.80.

National Grid Transco Stock Up 0.3%

National Grid Transco stock opened at $86.68 on Friday. The company’s 50-day moving average is $86.62 and its 200-day moving average is $83.33. National Grid Transco, PLC has a fifty-two week low of $67.51 and a fifty-two week high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.76.

National Grid Transco Announces Dividend

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

National Grid Transco Company 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.