Farther Finance Advisors LLC Buys 958 Shares of National Grid Transco, PLC (NYSE:NGG)

Farther Finance Advisors LLC grew its position in National Grid Transco, PLC (NYSE:NGG) by 60.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,545 shares of the utilities provider’s stock after acquiring an additional 958 shares during the period. Farther Finance Advisors LLC’s holdings in National Grid Transco were worth $167,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new position in shares of National Grid Transco in the first quarter valued at approximately $214,000. Park Avenue Securities LLC boosted its position in National Grid Transco by 17.5% during the 1st quarter. Park Avenue Securities LLC now owns 35,012 shares of the utilities provider’s stock worth $2,297,000 after buying an additional 5,210 shares during the period. Bank of New Hampshire grew its holdings in National Grid Transco by 14.4% during the 1st quarter. Bank of New Hampshire now owns 2,189 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 275 shares during the last quarter. Gilman Hill Asset Management LLC grew its holdings in National Grid Transco by 15.3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 43,918 shares of the utilities provider’s stock worth $2,881,000 after acquiring an additional 5,815 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in National Grid Transco by 82.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,630 shares of the utilities provider’s stock valued at $829,000 after acquiring an additional 5,720 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Stock Down 0.9%

NGG stock opened at $71.00 on Friday. The company has a market cap of $69.47 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 6.14 and a beta of 0.63. National Grid Transco, PLC has a fifty-two week low of $53.65 and a fifty-two week high of $73.03. The stock’s 50 day simple moving average is $71.71 and its 200 day simple moving average is $64.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35.

National Grid Transco Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 28th. Investors of record on Friday, May 30th will be given 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 payout ratio is currently 78.27%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NGG. Royal Bank Of Canada cut shares of National Grid Transco from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, May 28th. BNP Paribas raised National Grid Transco from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 29th. UBS Group downgraded shares of National Grid Transco from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 29th. BNP Paribas Exane initiated coverage on shares of National Grid Transco in a research report on Thursday, May 29th. They set an “outperform” rating and a $80.40 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of National Grid Transco in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.40.

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.