8,068 Shares in National Grid Transco, PLC $NGG Bought by BKM Wealth Management LLC

BKM Wealth Management LLC bought a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,068 shares of the utilities provider’s stock, valued at approximately $586,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NGG. Trust Co. of Toledo NA OH acquired a new stake in shares of National Grid Transco during the second quarter worth about $31,000. V Square Quantitative Management LLC acquired a new position in shares of National Grid Transco in the 2nd quarter valued at approximately $35,000. Salomon & Ludwin LLC grew its position in shares of National Grid Transco by 4,218.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 464 shares during the period. Huntington National Bank increased its stake in National Grid Transco by 41.1% during the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in National Grid Transco by 100.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after buying an additional 263 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas Exane cut shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Wednesday, October 8th. BNP Paribas lowered shares of National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, November 24th. National Bankshares set a $85.50 price target on National Grid Transco in a research note on Friday, December 12th. Finally, Morgan Stanley assumed coverage on National Grid Transco in a report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price target on the stock. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.80.

National Grid Transco Price Performance

National Grid Transco stock opened at $79.50 on Friday. The firm has a 50-day moving average of $76.54 and a 200-day moving average of $73.72. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. National Grid Transco, PLC has a one year low of $55.82 and a one year high of $80.33.

National Grid Transco Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a yield of 284.0%.

About National Grid Transco

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.