Synovus Financial Corp trimmed its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 63.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,751 shares of the utilities provider’s stock after selling 15,272 shares during the quarter. Synovus Financial Corp’s holdings in National Grid Transco were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in NGG. Private Advisor Group LLC increased its position in National Grid Transco by 4.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,238 shares of the utilities provider’s stock valued at $1,643,000 after acquiring an additional 1,172 shares during the period. Stifel Financial Corp increased its position in National Grid Transco by 12.4% in the 3rd quarter. Stifel Financial Corp now owns 245,682 shares of the utilities provider’s stock valued at $15,402,000 after acquiring an additional 27,105 shares during the period. Dimensional Fund Advisors LP increased its position in National Grid Transco by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 380,909 shares of the utilities provider’s stock valued at $23,887,000 after acquiring an additional 3,353 shares during the period. Tiedemann Wealth Management LLC acquired a new stake in National Grid Transco in the 3rd quarter valued at approximately $4,453,000. Finally, Wells Fargo & Company MN increased its position in National Grid Transco by 11.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,871,386 shares of the utilities provider’s stock valued at $117,355,000 after acquiring an additional 189,757 shares during the period. Institutional investors and hedge funds own 5.60% of the company’s stock.

NGG has been the topic of several analyst reports. J P Morgan Chase & Co restated a “buy” rating on shares of National Grid Transco in a research report on Wednesday, November 15th. ValuEngine upgraded National Grid Transco from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Deutsche Bank upgraded National Grid Transco from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded National Grid Transco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Credit Suisse Group upgraded National Grid Transco from an “underperform” rating to a “neutral” rating in a research report on Monday, November 27th. Two research analysts have 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 stock currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Shares of National Grid Transco, PLC (NGG) traded up $0.36 during mid-day trading on Friday, hitting $59.68. The stock had a trading volume of 527,900 shares, compared to its average volume of 516,224. National Grid Transco, PLC has a one year low of $58.42 and a one year high of $75.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77.

The company also recently declared a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be given a dividend of $1.0169 per share. This represents a dividend yield of 3.44%. The ex-dividend date is Wednesday, November 22nd. National Grid Transco’s dividend payout ratio (DPR) is presently 58.62%.

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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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