Wealth Alliance LLC Has $1.79 Million Stake in National Grid Transco, PLC $NGG

Wealth Alliance LLC reduced its position in National Grid Transco, PLC (NYSE:NGG) by 25.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,160 shares of the utilities provider’s stock after selling 7,331 shares during the quarter. Wealth Alliance LLC’s holdings in National Grid Transco were worth $1,790,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in National Grid Transco by 13.6% during the first quarter. Sound Income Strategies LLC now owns 1,075 shares of the utilities provider’s stock worth $93,000 after buying an additional 129 shares during the last quarter. Natural Investments LLC boosted its position in National Grid Transco by 1.2% during the fourth quarter. Natural Investments LLC now owns 11,617 shares of the utilities provider’s stock valued at $898,000 after acquiring an additional 133 shares during the last quarter. Root Financial Partners LLC grew its holdings 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 worth $25,000 after acquiring an additional 149 shares during the period. IFP Advisors Inc grew its holdings in National Grid Transco by 28.1% during the 3rd quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 152 shares during the period. Finally, Optas LLC raised its position in shares of National Grid Transco by 1.9% in the 4th quarter. Optas LLC now owns 8,739 shares of the utilities provider’s stock worth $676,000 after acquiring an additional 160 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Price Performance

Shares of National Grid Transco stock opened at $82.34 on Friday. The business has a 50-day simple moving average of $82.66 and a 200 day simple moving average of $85.23. 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.

National Grid Transco Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 23rd. Stockholders of record on Friday, May 29th were issued a dividend of $2.1738 per share. The ex-dividend date was Friday, May 29th. This represents a dividend yield of 533.0%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NGG shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. Wall Street Zen raised National Grid Transco from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft cut National Grid Transco from a “buy” rating to a “hold” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $85.50.

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.