6,549 Shares in National Grid Transco, PLC $NGG Bought by Global Retirement Partners LLC

Global Retirement Partners LLC bought a new position in National Grid Transco, PLC (NYSE:NGG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,549 shares of the utilities provider’s stock, valued at approximately $487,000.

A number of other large investors have also recently added to or reduced their stakes in NGG. Integrity Alliance LLC. acquired a new stake in National Grid Transco in the first quarter valued at $308,000. Creative Planning lifted its stake in National Grid Transco by 23.3% in the 2nd quarter. Creative Planning now owns 89,239 shares of the utilities provider’s stock valued at $6,640,000 after purchasing an additional 16,857 shares during the last quarter. First Bank & Trust lifted its stake in National Grid Transco by 16.5% in the 2nd quarter. First Bank & Trust now owns 53,452 shares of the utilities provider’s stock valued at $3,977,000 after purchasing an additional 7,551 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in National Grid Transco by 4.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock worth $132,064,000 after purchasing an additional 94,839 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in National Grid Transco during the second quarter worth approximately $878,000. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

NGG has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Wednesday, October 8th. BNP Paribas cut National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, November 24th. Zacks Research cut 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 report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, National Grid Transco currently has a consensus rating of “Hold” and an average target price of $80.40.

National Grid Transco Stock Up 0.8%

NGG opened at $76.11 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. The business has a fifty day simple moving average of $75.05 and a 200 day simple moving average of $72.75. National Grid Transco, PLC has a 1 year low of $55.82 and a 1 year high of $78.49.

National Grid Transco Announces Dividend

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

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.