Leonteq Securities AG Invests $541,000 in National Grid Transco, PLC $NGG

Leonteq Securities AG bought a new stake in National Grid Transco, PLC (NYSE:NGG) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 7,000 shares of the utilities provider’s stock, valued at approximately $541,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc grew its stake in National Grid Transco by 480.9% in the 4th quarter. IFP Advisors Inc now owns 4,020 shares of the utilities provider’s stock valued at $311,000 after buying an additional 3,328 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in National Grid Transco by 88.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after buying an additional 162 shares during the last quarter. Profund Advisors LLC grew its stake in National Grid Transco by 8.6% in the 4th quarter. Profund Advisors LLC now owns 8,977 shares of the utilities provider’s stock valued at $694,000 after buying an additional 711 shares during the last quarter. HighTower Advisors LLC grew its stake in National Grid Transco by 5.0% in the 4th quarter. HighTower Advisors LLC now owns 50,016 shares of the utilities provider’s stock valued at $3,869,000 after buying an additional 2,392 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in National Grid Transco by 5.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 56,161 shares of the utilities provider’s stock valued at $4,344,000 after buying an additional 3,084 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Stock Up 0.3%

NYSE NGG opened at $86.68 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.76. The company’s fifty day moving average is $86.62 and its two-hundred day moving average is $83.33. National Grid Transco, PLC has a 52-week low of $67.51 and a 52-week high of $94.64.

National Grid Transco Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on NGG. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. The Goldman Sachs Group reiterated a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, National Grid Transco has a consensus rating of “Reduce” and a consensus price target of $83.80.

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.