National Grid Transco, PLC (NGG) Stake Decreased by CAPROCK Group Inc.

CAPROCK Group Inc. cut its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 31.5% in the 4th quarter, HoldingsChannel reports. The fund owned 7,718 shares of the utilities provider’s stock after selling 3,543 shares during the period. CAPROCK Group Inc.’s holdings in National Grid Transco were worth $444,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NGG. Valeo Financial Advisors LLC acquired a new position in National Grid Transco in the third quarter worth about $103,000. Advisors Preferred LLC acquired a new position in National Grid Transco in the third quarter worth about $118,000. Steward Partners Investment Advisory LLC acquired a new position in National Grid Transco in the third quarter worth about $119,000. Krilogy Financial LLC acquired a new position in National Grid Transco in the third quarter worth about $163,000. Finally, Cetera Advisor Networks LLC acquired a new position in National Grid Transco in the third quarter worth about $222,000. Institutional investors own 5.60% of the company’s stock.

National Grid Transco, PLC (NGG) opened at $58.32 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.32. National Grid Transco, PLC has a 52 week low of $56.63 and a 52 week high of $75.24. The company has a market capitalization of $39,200.00, a PE ratio of 17.78, a P/E/G ratio of 4.11 and a beta of 0.44.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, November 24th were issued a $1.0169 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a yield of 3.44%. National Grid Transco’s dividend payout ratio is currently 57.01%.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded National Grid Transco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine upgraded National Grid Transco from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Deutsche Bank upgraded National Grid Transco from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of National Grid Transco in a research note on Wednesday, November 15th. Finally, Credit Suisse Group upgraded National Grid Transco from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $66.50.

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National Grid Transco Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

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Institutional Ownership by Quarter for National Grid Transco (NYSE:NGG)

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