Cambridge Investment Research Advisors Inc. Buys 500 Shares of National Grid Transco, PLC (NYSE:NGG)

Cambridge Investment Research Advisors Inc. raised its position in shares of National Grid Transco, PLC (NYSE:NGG) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,826 shares of the utilities provider’s stock after acquiring an additional 500 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in National Grid Transco were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NGG. Good Steward Wealth Advisors LLC purchased a new stake in shares of National Grid Transco in the first quarter worth approximately $425,000. Blue Trust Inc. grew its position in National Grid Transco by 26.7% in the 1st quarter. Blue Trust Inc. now owns 3,249 shares of the utilities provider’s stock valued at $213,000 after acquiring an additional 685 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in National Grid Transco by 12.2% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,399 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 915 shares during the period. Kingswood Wealth Advisors LLC increased its stake in National Grid Transco by 25.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,056 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 1,231 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of National Grid Transco during the first quarter worth $268,000. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Up 1.5%

NYSE:NGG opened at $71.67 on Monday. The firm has a 50-day simple moving average of $71.98 and a 200-day simple moving average of $65.94. National Grid Transco, PLC has a one year low of $54.24 and a one year high of $74.58. The firm has a market cap of $70.12 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.68 and a beta of 0.63. 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 disclosed a semi-annual dividend, which will be paid on Monday, July 28th. Investors of record on Friday, May 30th will be paid 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 dividend payout ratio (DPR) is 78.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NGG shares. BNP Paribas Exane started coverage on shares of National Grid Transco in a report on Thursday, May 29th. They issued an “outperform” rating and a $80.40 price target on the stock. Sanford C. Bernstein upgraded shares of National Grid Transco from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of National Grid Transco in a research report on Wednesday, May 21st. BNP Paribas upgraded National Grid Transco from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 29th. Finally, Royal Bank Of Canada downgraded National Grid Transco from an “outperform” rating to a “sector perform” rating in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.