Vise Technologies Inc. Has $1.98 Million Stake in National Grid Transco, PLC $NGG

Vise Technologies Inc. raised its position in shares of National Grid Transco, PLC (NYSE:NGG) by 65.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,655 shares of the utilities provider’s stock after buying an additional 10,133 shares during the period. Vise Technologies Inc.’s holdings in National Grid Transco were worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NGG. Root Financial Partners LLC increased its holdings in shares of National Grid Transco by 88.2% during the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of National Grid Transco during the third quarter worth approximately $25,000. Cullen Frost Bankers Inc. increased its holdings in shares of National Grid Transco by 88.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after buying an additional 162 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of National Grid Transco during the third quarter worth approximately $28,000. Finally, Ancora Advisors LLC acquired a new stake in shares of National Grid Transco during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Trading Down 0.1%

Shares of National Grid Transco stock opened at $81.79 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $85.91 and a 200 day simple moving average of $83.81. National Grid Transco, PLC has a fifty-two week low of $67.51 and a fifty-two week high of $94.64.

National Grid Transco Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NGG. UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Monday. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of National Grid Transco in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $85.50.

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.