American Century Companies Inc. Has $14.10 Million Stock Position in National Grid Transco, PLC $NGG

American Century Companies Inc. grew its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 10.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 189,463 shares of the utilities provider’s stock after buying an additional 17,544 shares during the quarter. American Century Companies Inc.’s holdings in National Grid Transco were worth $14,098,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NGG. AlphaCore Capital LLC bought a new stake in National Grid Transco during the 2nd quarter worth $116,000. Franklin Resources Inc. raised its position in National Grid Transco by 75.2% in the second quarter. Franklin Resources Inc. now owns 9,292 shares of the utilities provider’s stock valued at $691,000 after purchasing an additional 3,987 shares during the last quarter. Journey Strategic Wealth LLC acquired a new stake in shares of National Grid Transco during the second quarter valued at about $342,000. MAI Capital Management grew its holdings in shares of National Grid Transco by 49.2% during the second quarter. MAI Capital Management now owns 2,485 shares of the utilities provider’s stock worth $185,000 after purchasing an additional 820 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of National Grid Transco by 23.0% in the second quarter. JPMorgan Chase & Co. now owns 2,041,602 shares of the utilities provider’s stock valued at $151,916,000 after buying an additional 382,392 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NGG has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research cut shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. BNP Paribas Exane downgraded National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. Finally, BNP Paribas downgraded National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $80.40.

National Grid Transco Stock Up 1.1%

Shares of NYSE:NGG opened at $76.46 on Thursday. National Grid Transco, PLC has a 1 year low of $55.82 and a 1 year high of $78.49. 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 business’s 50-day moving average is $75.34 and its 200-day moving average is $72.88.

National Grid Transco Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st will be issued a dividend of $1.0657 per share. This represents a dividend yield of 284.0%. The ex-dividend date is Friday, November 21st.

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.