Keudell Morrison Wealth Management Makes New Investment in National Grid Transco, PLC $NGG

Keudell Morrison Wealth Management purchased a new position in National Grid Transco, PLC (NYSE:NGG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,050 shares of the utilities provider’s stock, valued at approximately $700,000.

Several other hedge funds have also added to or reduced their stakes in the business. Natural Investments LLC lifted its stake in National Grid Transco by 1.2% in the fourth quarter. Natural Investments LLC now owns 11,617 shares of the utilities provider’s stock worth $898,000 after purchasing an additional 133 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in National Grid Transco by 14.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,109 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 137 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in National Grid Transco by 4.4% in the third quarter. Cozad Asset Management Inc. now owns 3,320 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 140 shares during the last quarter. IFP Advisors Inc lifted its stake in National Grid Transco by 28.1% in the third quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 152 shares during the last quarter. Finally, Huntington National Bank lifted its stake in National Grid Transco by 30.9% in the third quarter. Huntington National Bank now owns 656 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 155 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Tuesday, April 21st. UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a research note on Wednesday, April 15th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. Finally, Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $83.80.

National Grid Transco Stock Up 2.1%

Shares of NYSE:NGG opened at $86.47 on Friday. The company has a 50-day moving average price of $86.68 and a 200-day moving average price of $83.30. The company has a quick ratio of 0.90, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. National Grid Transco, PLC has a 12 month low of $67.51 and a 12 month high of $94.64.

National Grid Transco Dividend Announcement

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

About National Grid Transco

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.