Dimensional Fund Advisors LP Has $75.41 Million Stock Position in National Grid Transco, PLC $NGG

Dimensional Fund Advisors LP increased its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 1.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 891,393 shares of the utilities provider’s stock after purchasing an additional 15,958 shares during the period. Dimensional Fund Advisors LP’s holdings in National Grid Transco were worth $75,412,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Milford Funds Ltd. acquired a new position in National Grid Transco during the fourth quarter worth about $183,208,000. Bank of America Corp DE raised its position in 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 valued at $342,017,000 after purchasing an additional 814,248 shares during the last quarter. Brandes Investment Partners LP acquired a new stake in shares of National Grid Transco during the fourth quarter valued at about $60,372,000. Raymond James Financial Inc. boosted its stake in shares of National Grid Transco by 20.3% during the second quarter. Raymond James Financial Inc. now owns 1,671,746 shares of the utilities provider’s stock valued at $124,395,000 after purchasing an additional 282,085 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of National Grid Transco during the first quarter worth about $21,277,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Price Performance

Shares of NGG stock opened at $79.99 on Friday. National Grid Transco, PLC has a fifty-two week low of $67.51 and a fifty-two week high of $94.64. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.09. The stock has a 50 day simple moving average of $82.16 and a two-hundred day simple moving average of $85.26.

National Grid Transco Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NGG shares. Deutsche Bank Aktiengesellschaft downgraded National Grid Transco from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Grid Transco in a research report on Monday, June 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a research note on Friday, May 29th. Finally, Wall Street Zen upgraded shares of National Grid Transco from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, National Grid Transco currently has a consensus rating of “Reduce” and an average target price 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.