Blair William & Co. IL Has $489,000 Holdings in National Grid Transco, PLC (NYSE:NGG)

Blair William & Co. IL cut its position in shares of National Grid Transco, PLC (NYSE:NGG) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,458 shares of the utilities provider’s stock after selling 393 shares during the quarter. Blair William & Co. IL’s holdings in National Grid Transco were worth $489,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NGG. Federated Hermes Inc. boosted its stake in National Grid Transco by 49.8% during the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock worth $205,592,000 after acquiring an additional 1,041,918 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in National Grid Transco by 5,134.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 330,706 shares of the utilities provider’s stock worth $19,651,000 after acquiring an additional 324,388 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in National Grid Transco by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider’s stock worth $90,044,000 after acquiring an additional 228,179 shares in the last quarter. Northern Trust Corp boosted its stake in National Grid Transco by 27.9% during the fourth quarter. Northern Trust Corp now owns 631,574 shares of the utilities provider’s stock worth $37,528,000 after acquiring an additional 137,673 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in National Grid Transco by 9,899.0% during the first quarter. GAMMA Investing LLC now owns 122,888 shares of the utilities provider’s stock worth $8,063,000 after acquiring an additional 121,659 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NGG shares. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of National Grid Transco in a research note on Wednesday, May 21st. BNP Paribas raised shares of National Grid Transco from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 29th. BNP Paribas Exane started coverage on shares of National Grid Transco in a research note on Thursday, May 29th. They issued an “outperform” rating and a $80.40 price objective on the stock. Finally, Wall Street Zen lowered shares of National Grid Transco from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.40.

National Grid Transco Stock Up 0.3%

NGG opened at $71.22 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30. The company’s 50-day moving average is $71.74 and its 200 day moving average is $68.22. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The firm has a market capitalization of $69.82 billion, a P/E ratio of 13.70, a PEG ratio of 1.61 and a beta of 0.63.

National Grid Transco Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, July 28th. Investors of record on Friday, May 30th were issued a dividend of $2.0345 per share. This represents a yield of 470.0%. The ex-dividend date was Friday, May 30th. National Grid Transco’s dividend payout ratio (DPR) is 78.27%.

National Grid Transco Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.