Goldman Sachs Group Inc. Has $162.55 Million Holdings in National Grid Transco, PLC $NGG

Goldman Sachs Group Inc. lifted its stake in National Grid Transco, PLC (NYSE:NGG) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,101,433 shares of the utilities provider’s stock after buying an additional 18,663 shares during the period. Goldman Sachs Group Inc.’s holdings in National Grid Transco were worth $162,546,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of National Grid Transco by 3.4% in the 3rd quarter. Bank of America Corp DE now owns 4,751,505 shares of the utilities provider’s stock worth $345,292,000 after buying an additional 155,118 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of National Grid Transco by 8.8% in the 4th quarter. Natixis Advisors LLC now owns 2,187,358 shares of the utilities provider’s stock worth $169,192,000 after buying an additional 176,215 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of National Grid Transco by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,089,650 shares of the utilities provider’s stock worth $151,855,000 after buying an additional 48,048 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of National Grid Transco by 20.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,671,746 shares of the utilities provider’s stock worth $124,395,000 after buying an additional 282,085 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of National Grid Transco by 67.4% in the 3rd quarter. Bank of Montreal Can now owns 1,669,191 shares of the utilities provider’s stock worth $121,300,000 after buying an additional 672,050 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NGG has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a report on Friday, May 29th. Zacks Research cut National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $85.50.

National Grid Transco Price Performance

Shares of NYSE NGG opened at $81.79 on Monday. National Grid Transco, PLC has a 1-year low of $67.51 and a 1-year high of $94.64. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $85.91 and a two-hundred day moving average of $83.81.

National Grid Transco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, July 23rd. Investors of record on Friday, May 29th will be given a $2.1738 dividend. This represents a yield of 533.0%. The ex-dividend date is Friday, May 29th.

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.