1,560 Shares in National Grid Transco, PLC $NGG Purchased by AlphaCore Capital LLC

AlphaCore Capital LLC acquired a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,560 shares of the utilities provider’s stock, valued at approximately $116,000.

Other hedge funds also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new position in National Grid Transco in the 2nd quarter worth approximately $31,000. V Square Quantitative Management LLC acquired a new stake in National Grid Transco during the 2nd quarter valued at $35,000. Huntington National Bank lifted its holdings in shares of National Grid Transco by 41.1% in the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of National Grid Transco by 100.0% during the second quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock valued at $39,000 after buying an additional 263 shares in the last quarter. Finally, Capital Analysts LLC boosted its position in National Grid Transco by 33.6% during the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 161 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NGG has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Finally, BNP Paribas Exane lowered shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, National Grid Transco has a consensus rating of “Hold” and an average target price of $80.40.

National Grid Transco Price Performance

NYSE:NGG opened at $74.09 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a 1 year low of $55.82 and a 1 year high of $78.49. The firm’s fifty day simple moving average is $74.73 and its 200 day simple moving average is $72.61.

National Grid Transco Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 13th. Investors of record on Friday, November 21st will be given a dividend of $1.0657 per share. This represents a dividend yield of 284.0%. The ex-dividend date of this dividend is Friday, November 21st.

About National Grid Transco

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.