National Grid Transco, PLC $NGG Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in National Grid Transco, PLC (NYSE:NGG) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,187,358 shares of the utilities provider’s stock after purchasing an additional 176,215 shares during the period. Natixis Advisors LLC owned about 0.22% of National Grid Transco worth $169,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NGG. SG Americas Securities LLC raised its position in National Grid Transco by 47,478.9% in the 4th quarter. SG Americas Securities LLC now owns 892,580 shares of the utilities provider’s stock valued at $69,041,000 after purchasing an additional 890,704 shares in the last quarter. Bank of America Corp DE raised its position in National Grid Transco by 21.5% in the 2nd quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock valued at $342,017,000 after purchasing an additional 814,248 shares in the last quarter. Bank of Montreal Can raised its position in National Grid Transco by 67.4% in the 3rd quarter. Bank of Montreal Can now owns 1,669,191 shares of the utilities provider’s stock valued at $121,300,000 after purchasing an additional 672,050 shares in the last quarter. Causeway Capital Management LLC raised its position in National Grid Transco by 112.4% in the 3rd quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider’s stock valued at $48,772,000 after purchasing an additional 355,149 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in National Grid Transco by 20.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,671,746 shares of the utilities provider’s stock valued at $124,395,000 after purchasing an additional 282,085 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “sell” rating on shares of National Grid Transco in a research report on Monday, March 16th. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. The Goldman Sachs Group reissued a “neutral” rating on shares of National Grid Transco in a research report on Monday, March 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research report on Friday. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $85.50.

National Grid Transco Trading Down 1.9%

NGG opened at $80.02 on Tuesday. National Grid Transco, PLC has a 52 week low of $67.51 and a 52 week high of $94.64. The business’s 50 day moving average is $86.04 and its two-hundred day moving average is $83.72. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09.

National Grid Transco Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th will be given a dividend of $2.1738 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a yield of 533.0%.

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.