Commonwealth Equity Services LLC Has $6.73 Million Stake in National Grid Transco, PLC $NGG

Commonwealth Equity Services LLC lowered its position in shares of National Grid Transco, PLC (NYSE:NGG) by 20.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,668 shares of the utilities provider’s stock after selling 23,433 shares during the period. Commonwealth Equity Services LLC’s holdings in National Grid Transco were worth $6,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in National Grid Transco during the 2nd quarter worth $31,000. V Square Quantitative Management LLC bought a new stake in shares of National Grid Transco in the second quarter valued at about $35,000. Salomon & Ludwin LLC grew its stake in shares of National Grid Transco by 4,218.2% in the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 464 shares in the last quarter. Huntington National Bank increased its position in 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 acquiring an additional 146 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in National Grid Transco by 100.0% during the second quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 263 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Price Performance

NYSE NGG opened at $78.08 on Wednesday. The business has a fifty day moving average price of $76.79 and a two-hundred day moving average price of $73.85. 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 fifty-two week low of $55.82 and a fifty-two week high of $80.33.

National Grid Transco Announces Dividend

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

Analyst Upgrades and Downgrades

NGG has been the subject of a number of recent research reports. BNP Paribas Exane downgraded shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. National Bankshares set a $85.50 price target on shares of National Grid Transco in a research report on Friday, December 12th. Morgan Stanley started coverage on National Grid Transco in a research report on Friday, December 12th. They set an “overweight” rating and a $85.50 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Finally, BNP Paribas downgraded 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 assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.80.

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.