GM Advisory Group LLC Makes New Investment in National Grid Transco, PLC $NGG

GM Advisory Group LLC acquired a new position in National Grid Transco, PLC (NYSE:NGG) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,715 shares of the utilities provider’s stock, valued at approximately $822,000.

A number of other large investors have also recently made changes to their positions in NGG. Root Financial Partners LLC grew its stake 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 valued at $25,000 after acquiring an additional 149 shares during the period. Johnson Financial Group Inc. bought a new stake in National Grid Transco during the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. raised its stake in 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 acquiring an additional 162 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in National Grid Transco during the third quarter valued at approximately $28,000. Finally, Hilton Head Capital Partners LLC purchased a new position in National Grid Transco during the fourth quarter valued at approximately $34,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Stock Performance

Shares of NGG opened at $82.82 on Monday. The company’s fifty day moving average is $83.84 and its 200 day moving average is $84.68. National Grid Transco, PLC has a fifty-two week low of $67.51 and a fifty-two week high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.

National Grid Transco Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NGG. Jefferies Financial Group reaffirmed a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft downgraded shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a report on Monday, June 1st. Finally, Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company 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.