National Grid Transco, PLC (NYSE:NGG) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its position in National Grid Transco, PLC (NYSE:NGG) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,160 shares of the utilities provider’s stock after purchasing an additional 318 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in National Grid Transco were worth $404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Gradient Investments LLC boosted its holdings in National Grid Transco by 2.0% in the 1st quarter. Gradient Investments LLC now owns 8,156 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 163 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of National Grid Transco by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of National Grid Transco by 0.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after acquiring an additional 196 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of National Grid Transco by 67.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 198 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of National Grid Transco by 1.6% in the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the utilities provider’s stock worth $743,000 after acquiring an additional 200 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Trading Up 1.5%

Shares of NYSE:NGG opened at $71.67 on Friday. National Grid Transco, PLC has a 52 week low of $54.24 and a 52 week high of $74.58. The company’s 50 day moving average is $71.99 and its two-hundred day moving average is $65.74. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a market cap of $70.12 billion, a PE ratio of 13.78, a P/E/G ratio of 1.65 and a beta of 0.63.

National Grid Transco Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, May 30th will be given a $2.0345 dividend. This represents a dividend yield of 4.7%. The ex-dividend date is Friday, May 30th. National Grid Transco’s dividend payout ratio is presently 78.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NGG shares. Wall Street Zen lowered shares of National Grid Transco from a “hold” rating to a “sell” rating in a report on Friday, May 16th. BNP Paribas upgraded shares of National Grid Transco from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of National Grid Transco in a report on Wednesday, May 21st. BNP Paribas Exane started coverage on shares of National Grid Transco in a report on Thursday, May 29th. They issued an “outperform” rating and a $80.40 price objective on the stock. Finally, Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.40.

National Grid Transco Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.