Lido Advisors LLC Has $1.40 Million Holdings in National Grid Transco, PLC $NGG

Lido Advisors LLC lifted its position in National Grid Transco, PLC (NYSE:NGG) by 167.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the utilities provider’s stock after buying an additional 10,333 shares during the quarter. Lido Advisors LLC’s holdings in National Grid Transco were worth $1,396,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in National Grid Transco by 2.1% during the first quarter. Cetera Investment Advisers now owns 150,752 shares of the utilities provider’s stock worth $12,754,000 after acquiring an additional 3,029 shares in the last quarter. First Trust Advisors LP grew its position in shares of National Grid Transco by 44.1% in the 1st quarter. First Trust Advisors LP now owns 26,665 shares of the utilities provider’s stock valued at $2,256,000 after acquiring an additional 8,162 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of National Grid Transco by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 891,393 shares of the utilities provider’s stock worth $75,412,000 after purchasing an additional 15,958 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of National Grid Transco by 8.4% during the 1st quarter. Parallel Advisors LLC now owns 4,251 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 328 shares during the last quarter. Finally, Greenwood Gearhart LLC bought a new stake in shares of National Grid Transco in the 1st quarter valued at about $204,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Stock Performance

Shares of National Grid Transco stock opened at $81.20 on Tuesday. The firm has a 50-day moving average of $82.60 and a 200-day moving average of $85.29. National Grid Transco, PLC has a 52-week low of $67.51 and a 52-week high of $94.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71.

National Grid Transco Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NGG shares. Wall Street Zen upgraded shares of National Grid Transco from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a research note on Friday, May 29th. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Friday, July 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $85.50.

National Grid Transco Company 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.