84,370 Shares in National Grid Transco, PLC $NGG Purchased by Capital Innovations LLC

Capital Innovations LLC acquired a new position in shares of National Grid Transco, PLC (NYSE:NGG) in the 4th quarter, Holdings Channel reports. The fund acquired 84,370 shares of the utilities provider’s stock, valued at approximately $6,526,000. National Grid Transco accounts for about 1.9% of Capital Innovations LLC’s portfolio, making the stock its 21st biggest holding.

Other large investors have also made changes to their positions in the company. Root Financial Partners LLC lifted its position in shares of National Grid Transco by 88.2% during the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of National Grid Transco during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. lifted its position in shares of National Grid Transco by 88.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 162 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of National Grid Transco during the 3rd quarter worth about $28,000. Finally, Ancora Advisors LLC acquired a new position in shares of National Grid Transco during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Trading Up 0.8%

National Grid Transco stock opened at $80.62 on Wednesday. The business has a 50 day moving average price of $86.04 and a two-hundred day moving average price of $83.72. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. National Grid Transco, PLC has a 12 month low of $67.51 and a 12 month high of $94.64.

National Grid Transco Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th will be issued a $2.1738 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a yield of 533.0%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. The Goldman Sachs Group reissued a “neutral” rating on shares of National Grid Transco in a research report on Monday, March 23rd. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. Jefferies Financial Group reissued a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a report on Friday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a report on Monday. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $85.50.

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.