Goldman Sachs Group Inc. Buys 18,663 Shares of National Grid Transco, PLC $NGG

Goldman Sachs Group Inc. boosted its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,101,433 shares of the utilities provider’s stock after purchasing an additional 18,663 shares during the quarter. Goldman Sachs Group Inc. owned about 0.21% of National Grid Transco worth $162,546,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its stake in National Grid Transco by 88.2% during the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Johnson Financial Group Inc. bought a new stake in National Grid Transco during the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. boosted its stake in National Grid Transco by 88.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 162 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in National Grid Transco during the 3rd quarter valued at approximately $28,000. Finally, Ancora Advisors LLC bought a new stake in National Grid Transco during the 3rd quarter valued at approximately $36,000. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Down 0.1%

National Grid Transco stock opened at $81.79 on Monday. The business has a 50 day moving average price of $85.91 and a two-hundred day moving average price of $83.81. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. National Grid Transco, PLC has a 12 month low of $67.51 and a 12 month high of $94.64.

National Grid Transco Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th will be issued a $2.1738 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a yield of 533.0%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NGG. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a research note on Friday, May 29th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. Jefferies Financial Group restated a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. UBS Group restated a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, National Grid Transco presently has a consensus rating of “Reduce” and an average target price of $85.50.

National Grid Transco Company Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.