Y Intercept Hong Kong Ltd grew its position in National Grid Transco, PLC (NYSE:NGG – Free Report) by 2,054.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,228 shares of the utilities provider’s stock after purchasing an additional 66,014 shares during the period. Y Intercept Hong Kong Ltd’s holdings in National Grid Transco were worth $5,857,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC raised its holdings in shares of National Grid Transco by 88.2% during the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Johnson Financial Group Inc. bought a new position in National Grid Transco in the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. grew its holdings in National Grid Transco by 88.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after buying an additional 162 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in National Grid Transco in the 3rd quarter valued at approximately $28,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in National Grid Transco in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 4.68% of the company’s stock.
Analyst Ratings Changes
NGG has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a report on Friday, May 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, National Grid Transco has an average rating of “Reduce” and a consensus target price of $85.50.
National Grid Transco Price Performance
Shares of NYSE NGG opened at $82.82 on Friday. 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, PLC has a 12 month low of $67.51 and a 12 month high of $94.64. The business has a fifty day simple moving average of $83.84 and a 200-day simple moving average of $84.62.
National Grid Transco Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th will be paid a dividend of $2.1738 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a yield of 533.0%.
About National Grid Transco
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.
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