3,849 Shares in National Grid Transco, PLC (NYSE:NGG) Bought by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC purchased a new position in National Grid Transco, PLC (NYSE:NGG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,849 shares of the utilities provider’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its stake in National Grid Transco by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 868 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in National Grid Transco in the fourth quarter worth $239,000. Charles Schwab Investment Management Inc. grew its stake in National Grid Transco by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,013 shares of the utilities provider’s stock worth $3,863,000 after purchasing an additional 3,186 shares during the period. IFP Advisors Inc grew its stake in National Grid Transco by 20.0% in the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its stake in National Grid Transco by 25.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 1,231 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Trading Down 0.1%

National Grid Transco stock opened at $73.21 on Thursday. 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 business’s fifty day simple moving average is $71.92 and its two-hundred day simple moving average is $65.20. National Grid Transco, PLC has a 12 month low of $53.65 and a 12 month high of $74.24. The company has a market capitalization of $71.63 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 6.34 and a beta of 0.63.

National Grid Transco Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, May 30th will be issued a $2.0345 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend is Friday, May 30th. National Grid Transco’s dividend payout ratio (DPR) is 78.27%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NGG. UBS Group cut National Grid Transco from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. Wall Street Zen cut National Grid Transco from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Sanford C. Bernstein raised National Grid Transco from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Barclays reissued an “overweight” rating on shares of National Grid Transco in a report on Friday, May 16th. Finally, BNP Paribas raised National Grid Transco from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.40.

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.