National Grid Transco, PLC $NGG Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in National Grid Transco, PLC (NYSE:NGG) by 16.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,535 shares of the utilities provider’s stock after purchasing an additional 6,007 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in National Grid Transco were worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. HBK Sorce Advisory LLC raised its holdings in shares of National Grid Transco by 1.9% during the third quarter. HBK Sorce Advisory LLC now owns 7,535 shares of the utilities provider’s stock valued at $555,000 after acquiring an additional 137 shares during the period. Carr Financial Group Corp raised its stake in National Grid Transco by 2.6% during the 3rd quarter. Carr Financial Group Corp now owns 5,634 shares of the utilities provider’s stock valued at $409,000 after purchasing an additional 141 shares during the period. Huntington National Bank lifted its holdings in shares of National Grid Transco by 41.1% in the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of National Grid Transco by 3.4% in the second quarter. Beacon Pointe Advisors LLC now owns 4,671 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 152 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its position in shares of National Grid Transco by 1.3% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 12,161 shares of the utilities provider’s stock worth $884,000 after buying an additional 159 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Trading Up 0.4%

NYSE:NGG opened at $84.68 on Thursday. The stock’s 50 day moving average price is $77.68 and its 200 day moving average price is $74.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. National Grid Transco, PLC has a 52 week low of $59.35 and a 52 week high of $84.89.

National Grid Transco Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st were given a dividend of $1.0657 per share. This represents a yield of 284.0%. The ex-dividend date of this dividend was Friday, November 21st.

Wall Street Analyst Weigh In

A number of brokerages have commented on NGG. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, January 22nd. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research report on Monday. National Bankshares set a $85.50 price objective on shares of National Grid Transco in a research report on Friday, December 12th. Morgan Stanley began coverage on shares of National Grid Transco in a research note on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective on the stock. Finally, BNP Paribas Exane lowered shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.