Gradient Investments LLC Has $1.21 Million Stock Position in National Grid Transco, PLC $NGG

Gradient Investments LLC boosted its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 65.7% during the third quarter, HoldingsChannel.com reports. The firm owned 16,642 shares of the utilities provider’s stock after acquiring an additional 6,598 shares during the period. Gradient Investments LLC’s holdings in National Grid Transco were worth $1,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in shares of National Grid Transco in the 2nd quarter valued at $31,000. V Square Quantitative Management LLC acquired a new position in shares of National Grid Transco during the second quarter valued at about $35,000. Huntington National Bank lifted its position in shares of National Grid Transco by 41.1% in the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. Parkside Financial Bank & Trust lifted its position in National Grid Transco by 100.0% in the second quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 263 shares during the period. Finally, Capital Analysts LLC boosted its position in shares of National Grid Transco by 33.6% during the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 161 shares in the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Trading Down 1.0%

National Grid Transco stock opened at $76.37 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. National Grid Transco, PLC has a 52 week low of $55.82 and a 52 week high of $78.49. The stock has a fifty day moving average of $75.95 and a 200-day moving average of $73.05.

National Grid Transco Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 13th. Investors of record on Friday, November 21st will be paid a dividend of $1.0657 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a yield of 284.0%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. BNP Paribas Exane cut National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday, November 24th. National Bankshares set a $85.50 price objective on National Grid Transco in a report on Friday, December 12th. BNP Paribas cut National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. Finally, Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.80.

About National Grid Transco

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.