Vestmark Advisory Solutions Inc. Buys 1,724 Shares of National Grid Transco, PLC $NGG

Vestmark Advisory Solutions Inc. increased its stake in National Grid Transco, PLC (NYSE:NGG) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,366 shares of the utilities provider’s stock after buying an additional 1,724 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in National Grid Transco were worth $1,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NGG. Trust Co. of Toledo NA OH bought a new stake in National Grid Transco in the second quarter worth $31,000. V Square Quantitative Management LLC purchased a new position in shares of National Grid Transco in the 2nd quarter worth about $35,000. Huntington National Bank boosted its stake in National Grid Transco by 41.1% in the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Capital Analysts LLC boosted its stake in National Grid Transco by 33.6% in the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 161 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in National Grid Transco during the 1st quarter valued at about $71,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NGG shares. Zacks Research cut shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.40.

National Grid Transco Price Performance

NGG opened at $77.79 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The firm has a 50 day moving average price of $73.22 and a 200-day moving average price of $72.23. National Grid Transco, PLC has a twelve month low of $55.82 and a twelve month high of $77.94.

National Grid Transco Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st will be paid a dividend of $1.0657 per share. The ex-dividend date is Friday, November 21st. This represents a yield of 274.0%.

National Grid Transco 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.