SG Trading Solutions LLC Invests $999,000 in National Grid Transco, PLC $NGG

SG Trading Solutions LLC acquired a new position in National Grid Transco, PLC (NYSE:NGG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,920 shares of the utilities provider’s stock, valued at approximately $999,000.

Several other large investors also recently bought and sold shares of NGG. Milford Funds Ltd. acquired a new position in shares of National Grid Transco during the fourth quarter valued at approximately $183,208,000. SG Americas Securities LLC boosted its stake in shares of National Grid Transco by 47,478.9% in the fourth quarter. SG Americas Securities LLC now owns 892,580 shares of the utilities provider’s stock worth $69,041,000 after acquiring an additional 890,704 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of National Grid Transco by 21.5% in the second quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock worth $342,017,000 after acquiring an additional 814,248 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in shares of National Grid Transco during the fourth quarter worth approximately $60,372,000. Finally, Bank of Montreal Can increased its position in shares of National Grid Transco by 67.4% during the third quarter. Bank of Montreal Can now owns 1,669,191 shares of the utilities provider’s stock worth $121,300,000 after purchasing an additional 672,050 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NGG has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft cut shares of National Grid Transco from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. Finally, Citigroup restated a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, National Grid Transco currently has an average rating of “Reduce” and a consensus price target of $85.50.

National Grid Transco Stock Performance

NYSE:NGG opened at $79.46 on Friday. National Grid Transco, PLC has a one year low of $67.51 and a one year high of $94.64. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average price of $85.09 and a 200 day moving average price of $84.16.

National Grid Transco Dividend Announcement

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

National Grid Transco 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.