National Grid Transco, PLC $NGG Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 15.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,074 shares of the utilities provider’s stock after selling 15,853 shares during the period. Janney Montgomery Scott LLC’s holdings in National Grid Transco were worth $7,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in NGG. First Pacific Financial grew its position in shares of National Grid Transco by 194,350.0% in the fourth quarter. First Pacific Financial now owns 11,667 shares of the utilities provider’s stock valued at $902,000 after purchasing an additional 11,661 shares during the period. Causeway Capital Management LLC raised its position in shares of National Grid Transco by 112.4% during the 3rd quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider’s stock worth $48,772,000 after purchasing an additional 355,149 shares during the last quarter. Natixis Advisors LLC raised its position in shares of National Grid Transco by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,011,143 shares of the utilities provider’s stock worth $146,150,000 after purchasing an additional 36,984 shares during the last quarter. American Century Companies Inc. lifted its stake in National Grid Transco by 18.7% in the 3rd quarter. American Century Companies Inc. now owns 224,912 shares of the utilities provider’s stock valued at $16,344,000 after buying an additional 35,449 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in National Grid Transco by 67.4% in the 3rd quarter. Bank of Montreal Can now owns 1,669,191 shares of the utilities provider’s stock valued at $121,300,000 after buying an additional 672,050 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered National Grid Transco from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research note on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. UBS Group reissued a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Finally, Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $85.50.

National Grid Transco Trading Down 0.0%

NGG stock opened at $82.82 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $83.84 and a two-hundred day moving average of $84.62. National Grid Transco, PLC has a 12 month low of $67.51 and a 12 month high of $94.64.

National Grid Transco Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 23rd. Investors of record on Friday, May 29th will be issued a $2.1738 dividend. This represents a dividend yield of 533.0%. The ex-dividend date of this dividend is Friday, May 29th.

National Grid Transco Company Profile

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.