Kingswood Wealth Advisors LLC Purchases 1,231 Shares of National Grid Transco, PLC (NYSE:NGG)

Kingswood Wealth Advisors LLC raised its holdings in National Grid Transco, PLC (NYSE:NGG) by 25.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,056 shares of the utilities provider’s stock after buying an additional 1,231 shares during the period. Kingswood Wealth Advisors LLC’s holdings in National Grid Transco were worth $398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised 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 valued at $265,000 after buying an additional 868 shares during the period. Atria Wealth Solutions Inc. bought a new stake in National Grid Transco in the 4th quarter valued at $239,000. Charles Schwab Investment Management Inc. raised its stake in National Grid Transco by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,013 shares of the utilities provider’s stock valued at $3,863,000 after acquiring an additional 3,186 shares during the period. IFP Advisors Inc raised its stake in National Grid Transco by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 174 shares during the period. Finally, Two Sigma Investments LP raised its stake in National Grid Transco by 8.9% in the 4th quarter. Two Sigma Investments LP now owns 5,100 shares of the utilities provider’s stock valued at $303,000 after acquiring an additional 417 shares during the period. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NGG has been the topic of several research analyst reports. Royal Bank Of Canada lowered shares of National Grid Transco from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 28th. Barclays reissued an “overweight” rating on shares of National Grid Transco in a report on Friday, May 16th. Sanford C. Bernstein raised shares of National Grid Transco from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Wall Street Zen lowered National Grid Transco from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Finally, UBS Group lowered National Grid Transco from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, National Grid Transco has a consensus rating of “Moderate Buy” and an average price target of $80.40.

National Grid Transco Price Performance

NYSE:NGG opened at $70.80 on Friday. National Grid Transco, PLC has a 52 week low of $53.65 and a 52 week high of $73.03. The firm has a market cap of $69.28 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 6.13 and a beta of 0.63. The firm’s 50-day simple moving average is $71.76 and its 200 day simple moving average is $64.98. 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 announced a semi-annual dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, May 30th will be issued a dividend of $2.0345 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.7%. National Grid Transco’s dividend payout ratio is presently 78.27%.

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.