National Grid Transco, PLC $NGG Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its position in National Grid Transco, PLC (NYSE:NGG) by 189.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,083 shares of the utilities provider’s stock after buying an additional 72,673 shares during the period. Osaic Holdings Inc.’s holdings in National Grid Transco were worth $7,604,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. National Bankshares set a $85.50 price target on National Grid Transco in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. BNP Paribas Exane downgraded shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday, November 24th. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, BNP Paribas downgraded shares of National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.80.

National Grid Transco Stock Performance

NYSE:NGG opened at $76.10 on Monday. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $78.49. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average is $75.98 and its two-hundred day moving average is $73.10.

National Grid Transco Dividend Announcement

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

National Grid Transco Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.