Campbell & CO Investment Adviser LLC Purchases New Stake in National Grid Transco, PLC $NGG

Campbell & CO Investment Adviser LLC acquired a new position in National Grid Transco, PLC (NYSE:NGG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,033 shares of the utilities provider’s stock, valued at approximately $1,092,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in shares of National Grid Transco in the 2nd quarter worth approximately $31,000. V Square Quantitative Management LLC purchased a new stake in National Grid Transco in the second quarter worth $35,000. Salomon & Ludwin LLC increased its position in National Grid Transco by 4,218.2% in the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock worth $35,000 after buying an additional 464 shares during the last quarter. Huntington National Bank raised its stake in shares of National Grid Transco by 41.1% in the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock valued at $37,000 after buying an additional 146 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of National Grid Transco by 100.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock valued at $39,000 after buying an additional 263 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on NGG. Morgan Stanley initiated coverage on National Grid Transco in a report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective for the company. BNP Paribas lowered shares of National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, November 24th. 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. National Bankshares set a $85.50 price objective on shares of National Grid Transco in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. Four research 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. Based on data from MarketBeat.com, National Grid Transco currently has a consensus rating of “Hold” and an average price target of $83.80.

National Grid Transco Stock Performance

National Grid Transco stock opened at $80.85 on Monday. National Grid Transco, PLC has a 1-year low of $59.06 and a 1-year high of $80.89. 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 firm’s 50 day simple moving average is $76.98 and its 200 day simple moving average is $73.99.

National Grid Transco Dividend Announcement

The firm 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 yield of 284.0%.

National Grid Transco Company 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.