National Grid Transco, PLC (NYSE:NGG) declared a semiannual dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, November 24th will be paid a dividend of 1.0169 per share by the utilities provider on Wednesday, January 10th. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 22nd.

National Grid Transco, PLC has raised its dividend payment by an average of 0.1% annually over the last three years. National Grid Transco, PLC has a dividend payout ratio of 92.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect National Grid Transco, PLC to earn $4.18 per share next year, which means the company should continue to be able to cover its $3.74 annual dividend with an expected future payout ratio of 89.5%.

Shares of National Grid Transco, PLC (NGG) traded up $0.27 during mid-day trading on Wednesday, hitting $59.46. The stock had a trading volume of 208,111 shares, compared to its average volume of 510,892. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32. National Grid Transco, PLC has a fifty-two week low of $58.80 and a fifty-two week high of $75.24.

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An institutional investor recently raised its position in National Grid Transco, PLC stock. State Street Corp grew its position in National Grid Transco, PLC (NYSE:NGG) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,910 shares of the utilities provider’s stock after acquiring an additional 206 shares during the quarter. State Street Corp’s holdings in National Grid Transco, PLC were worth $497,000 as of its most recent SEC filing. Institutional investors own 5.18% of the company’s stock.

Several analysts recently commented on NGG shares. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of National Grid Transco, PLC in a report on Wednesday. Berenberg Bank raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised National Grid Transco, PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, BidaskClub raised National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Four analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. National Grid Transco, PLC currently has a consensus rating of “Hold” and an average price target of $69.00.

National Grid Transco, PLC Company 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.

Dividend History for National Grid Transco, PLC (NYSE:NGG)

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