Bremer Trust National Association decreased its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,597 shares of the utilities provider’s stock after selling 1,049 shares during the quarter. Bremer Trust National Association’s holdings in National Grid Transco were worth $271,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Valeo Financial Advisors LLC acquired a new position in National Grid Transco during the third quarter valued at approximately $103,000. Advisors Preferred LLC acquired a new position in National Grid Transco during the third quarter valued at approximately $118,000. Steward Partners Investment Advisory LLC acquired a new position in National Grid Transco during the third quarter valued at approximately $119,000. Krilogy Financial LLC acquired a new position in National Grid Transco during the third quarter valued at approximately $163,000. Finally, Cetera Advisor Networks LLC acquired a new position in National Grid Transco during the third quarter valued at approximately $222,000. Institutional investors own 5.60% of the company’s stock.

National Grid Transco, PLC (NYSE NGG) opened at $57.58 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77. National Grid Transco, PLC has a 1-year low of $56.63 and a 1-year high of $75.24. The stock has a market cap of $39,010.00, a P/E ratio of 17.88, a P/E/G ratio of 4.07 and a beta of 0.44.

The business also recently declared a semiannual dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, November 24th were paid a $1.0169 dividend. This represents a yield of 3.44%. The ex-dividend date was Wednesday, November 22nd. National Grid Transco’s payout ratio is currently 58.07%.

A number of research analysts recently issued reports on NGG shares. Zacks Investment Research cut shares of National Grid Transco from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. ValuEngine upgraded shares of National Grid Transco from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Credit Suisse Group upgraded shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. Finally, Macquarie upgraded shares of National Grid Transco from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $67.00.

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National Grid Transco 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.

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

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