780,474 Shares in National Grid Transco, PLC $NGG Bought by Brandes Investment Partners LP

Brandes Investment Partners LP bought a new position in National Grid Transco, PLC (NYSE:NGG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 780,474 shares of the utilities provider’s stock, valued at approximately $60,372,000. Brandes Investment Partners LP owned 0.08% of National Grid Transco as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NGG. AQR Capital Management LLC bought a new position in National Grid Transco in the 1st quarter worth $490,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in National Grid Transco by 79.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,966 shares of the utilities provider’s stock worth $2,360,000 after buying an additional 15,873 shares during the period. NewEdge Advisors LLC boosted its holdings in National Grid Transco by 12.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,767 shares of the utilities provider’s stock worth $575,000 after buying an additional 971 shares during the period. Focus Partners Wealth boosted its holdings in National Grid Transco by 11.1% in the 1st quarter. Focus Partners Wealth now owns 10,375 shares of the utilities provider’s stock worth $681,000 after buying an additional 1,036 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in National Grid Transco in the 2nd quarter worth $221,000. Institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

NGG has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a report on Monday, June 1st. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft downgraded shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group reissued a “hold” rating on shares of National Grid Transco in a report on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $85.50.

National Grid Transco Stock Performance

NGG opened at $81.01 on Wednesday. The firm has a 50-day simple moving average of $85.85 and a two-hundred day simple moving average of $83.86. National Grid Transco, PLC has a 52 week low of $67.51 and a 52 week high of $94.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71.

National Grid Transco Dividend Announcement

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

National Grid Transco 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.