6,473 Shares in National Grid Transco, PLC (NYSE:NGG) Bought by Good Steward Wealth Advisors LLC

Good Steward Wealth Advisors LLC acquired a new stake in National Grid Transco, PLC (NYSE:NGG) in the first quarter, Holdings Channel reports. The institutional investor acquired 6,473 shares of the utilities provider’s stock, valued at approximately $425,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of National Grid Transco by 11.9% in the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider’s stock valued at $265,185,000 after acquiring an additional 473,172 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in National Grid Transco by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider’s stock valued at $83,496,000 after purchasing an additional 68,587 shares during the period. Raymond James Financial Inc. acquired a new position in National Grid Transco during the fourth quarter valued at approximately $67,324,000. Merewether Investment Management LP increased its stake in National Grid Transco by 10.3% in the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider’s stock valued at $62,597,000 after purchasing an additional 98,461 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in National Grid Transco by 3.3% in the fourth quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider’s stock worth $46,441,000 after purchasing an additional 25,082 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NGG shares. Barclays reissued an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 16th. UBS Group lowered National Grid Transco from a “buy” rating to a “neutral” rating in a report on Tuesday, April 29th. Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of National Grid Transco in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada lowered National Grid Transco from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, National Grid Transco currently has an average rating of “Moderate Buy” and a consensus price target of $80.40.

National Grid Transco Trading Down 0.9%

NGG opened at $71.00 on Friday. The stock has a market capitalization of $69.47 billion, a P/E ratio of 13.65, a P/E/G ratio of 6.14 and a beta of 0.63. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a 12 month low of $53.65 and a 12 month high of $73.03. The firm’s fifty day simple moving average is $71.71 and its 200 day simple moving average is $64.91.

National Grid Transco Cuts Dividend

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

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.