Strategic Investment Advisors MI Acquires Shares of 12,041 National Grid Transco, PLC $NGG

Strategic Investment Advisors MI bought a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,041 shares of the utilities provider’s stock, valued at approximately $1,019,000.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC boosted its stake in shares of National Grid Transco by 88.2% during the 4th 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. acquired a new position in National Grid Transco during the 3rd quarter worth $25,000. Cullen Frost Bankers Inc. grew its holdings in National Grid Transco by 88.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 162 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of National Grid Transco in the 3rd quarter worth about $28,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of National Grid Transco in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analysts Set New Price Targets

NGG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of National Grid Transco from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup restated a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a report on Friday, July 17th. Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research report on Monday, June 1st. One 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 stock. According to MarketBeat.com, National Grid Transco currently has an average rating of “Reduce” and an average target price of $85.50.

National Grid Transco Trading Up 1.8%

NGG stock opened at $80.31 on Friday. The firm’s 50-day simple moving average is $82.30 and its 200 day simple moving average is $85.30. National Grid Transco, PLC has a fifty-two week low of $67.51 and a fifty-two week 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.

National Grid Transco Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th were given a $2.1738 dividend. The ex-dividend date was 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.