84,370 Shares in National Grid Transco, PLC $NGG Acquired by Capital Innovations LLC

Capital Innovations LLC acquired a new position in National Grid Transco, PLC (NYSE:NGG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,370 shares of the utilities provider’s stock, valued at approximately $6,526,000. National Grid Transco comprises approximately 1.9% of Capital Innovations LLC’s holdings, making the stock its 21st largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its holdings in National Grid Transco by 88.2% in the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after buying an additional 149 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in National Grid Transco in the third quarter worth approximately $25,000. Cullen Frost Bankers Inc. increased its holdings in National Grid Transco by 88.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after buying an additional 162 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in National Grid Transco in the third quarter worth approximately $28,000. Finally, Ancora Advisors LLC acquired a new position in National Grid Transco in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Trading Up 0.8%

NGG opened at $80.62 on Wednesday. The stock has a 50-day moving average of $86.04 and a 200-day moving average of $83.72. National Grid Transco, PLC has a 52-week low of $67.51 and a 52-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.

National Grid Transco Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on NGG shares. Jefferies Financial Group restated a “hold” rating on shares of National Grid Transco in a report on Wednesday, March 18th. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research note on Friday. Citigroup reiterated a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus 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.