31,125 Shares in National Grid Transco, PLC $NGG Bought by JCIC Asset Management Inc.

JCIC Asset Management Inc. bought a new stake in National Grid Transco, PLC (NYSE:NGG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,125 shares of the utilities provider’s stock, valued at approximately $2,262,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tred Avon Family Wealth LLC purchased a new position in shares of National Grid Transco in the 3rd quarter valued at about $722,000. Evergreen Capital Management LLC grew its position in National Grid Transco by 105.6% during the third quarter. Evergreen Capital Management LLC now owns 12,570 shares of the utilities provider’s stock worth $913,000 after buying an additional 6,455 shares during the period. Richardson Financial Services Inc. increased its holdings in National Grid Transco by 64.2% in the third quarter. Richardson Financial Services Inc. now owns 798 shares of the utilities provider’s stock valued at $58,000 after buying an additional 312 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of National Grid Transco during the 3rd quarter valued at approximately $1,092,000. Finally, Versant Capital Management Inc boosted its stake in shares of National Grid Transco by 6.4% during the 3rd quarter. Versant Capital Management Inc now owns 6,627 shares of the utilities provider’s stock worth $482,000 after acquiring an additional 397 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Trading Up 1.9%

Shares of NGG stock opened at $80.85 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. The firm has a 50-day moving average price of $76.98 and a 200 day moving average price of $73.99. National Grid Transco, PLC has a twelve month low of $59.06 and a twelve month high of $80.89.

National Grid Transco Announces Dividend

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

Wall Street Analyst Weigh In

NGG has been the topic of a number of research reports. BNP Paribas cut National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. National Bankshares set a $85.50 price target on National Grid Transco in a research report on Friday, December 12th. Morgan Stanley initiated coverage on shares of National Grid Transco in a research report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective on the stock. Finally, BNP Paribas Exane cut shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.