QRG Capital Management Inc. Has $8.61 Million Stake in National Grid Transco, PLC $NGG

QRG Capital Management Inc. increased its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 69.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,742 shares of the utilities provider’s stock after buying an additional 41,783 shares during the period. QRG Capital Management Inc.’s holdings in National Grid Transco were worth $8,607,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. First Pacific Financial boosted its position in shares of National Grid Transco by 194,350.0% in the 4th quarter. First Pacific Financial now owns 11,667 shares of the utilities provider’s stock worth $902,000 after purchasing an additional 11,661 shares during the last quarter. Causeway Capital Management LLC grew its stake in shares of National Grid Transco by 112.4% during the third 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 period. Natixis Advisors LLC increased its holdings in National Grid Transco by 1.9% in the third quarter. Natixis Advisors LLC now owns 2,011,143 shares of the utilities provider’s stock valued at $146,150,000 after purchasing an additional 36,984 shares during the last quarter. American Century Companies Inc. increased its holdings in National Grid Transco by 18.7% in the third quarter. American Century Companies Inc. now owns 224,912 shares of the utilities provider’s stock valued at $16,344,000 after purchasing an additional 35,449 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in National Grid Transco by 67.4% in the third 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 during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NGG has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of National Grid Transco from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, UBS Group restated a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $85.50.

National Grid Transco Trading Down 0.0%

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

National Grid Transco Dividend Announcement

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

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.