National Grid Transco, PLC $NGG Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its stake in National Grid Transco, PLC (NYSE:NGG) by 25.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,648 shares of the utilities provider’s stock after purchasing an additional 1,340 shares during the period. Coldstream Capital Management Inc.’s holdings in National Grid Transco were worth $495,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American Century Companies Inc. increased its stake in National Grid Transco by 10.2% in the 2nd quarter. American Century Companies Inc. now owns 189,463 shares of the utilities provider’s stock valued at $14,098,000 after buying an additional 17,544 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of National Grid Transco in the 2nd quarter worth $116,000. Franklin Resources Inc. boosted its holdings in shares of National Grid Transco by 75.2% in the second quarter. Franklin Resources Inc. now owns 9,292 shares of the utilities provider’s stock valued at $691,000 after acquiring an additional 3,987 shares in the last quarter. Journey Strategic Wealth LLC acquired a new position in shares of National Grid Transco during the second quarter worth about $342,000. Finally, MAI Capital Management increased its stake in shares of National Grid Transco by 49.2% during the second quarter. MAI Capital Management now owns 2,485 shares of the utilities provider’s stock worth $185,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NGG shares. BNP Paribas Exane downgraded shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, BNP Paribas cut National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, National Grid Transco presently has a consensus rating of “Hold” and a consensus target price of $80.40.

National Grid Transco Trading Up 1.9%

NGG opened at $75.48 on Friday. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $78.49. The stock’s 50 day simple moving average is $74.93 and its 200 day simple moving average is $72.65. 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 Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, January 13th. Stockholders of record on Friday, November 21st will be given a $1.0657 dividend. The ex-dividend date is Friday, November 21st. This represents a dividend yield of 284.0%.

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.