BKM Wealth Management LLC Buys New Shares in National Grid Transco, PLC $NGG

BKM Wealth Management LLC bought a new position in shares of National Grid Transco, PLC (NYSE:NGG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,068 shares of the utilities provider’s stock, valued at approximately $586,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in shares of National Grid Transco in the 2nd quarter valued at about $31,000. V Square Quantitative Management LLC bought a new stake in shares of National Grid Transco in the 2nd quarter valued at about $35,000. Salomon & Ludwin LLC lifted its stake in National Grid Transco by 4,218.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 464 shares during the last quarter. Huntington National Bank grew its holdings in National Grid Transco by 41.1% during the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in National Grid Transco by 100.0% during the second quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 263 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Transco Stock Up 0.1%

NYSE:NGG opened at $79.50 on Friday. The stock has a 50 day simple moving average of $76.54 and a 200 day simple moving average of $73.72. National Grid Transco, PLC has a 1-year low of $55.82 and a 1-year high of $80.33. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90.

National Grid Transco Dividend Announcement

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

Analyst Ratings Changes

NGG has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on National Grid Transco in a research report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective for the company. BNP Paribas Exane cut National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. BNP Paribas downgraded National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Finally, National Bankshares set a $85.50 price objective on shares of National Grid Transco in a research report on Friday, December 12th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.80.

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.