Entropy Technologies LP Raises Position in National Grid Transco, PLC $NGG

Entropy Technologies LP raised its position in National Grid Transco, PLC (NYSE:NGG) by 167.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,905 shares of the utilities provider’s stock after buying an additional 19,993 shares during the period. Entropy Technologies LP’s holdings in National Grid Transco were worth $2,699,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in shares of National Grid Transco by 88.2% during the fourth 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 last quarter. Johnson Financial Group Inc. purchased a new position in shares of National Grid Transco in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. boosted its stake in shares of National Grid Transco by 88.0% in the fourth 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 last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of National Grid Transco in the third quarter worth approximately $28,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of National Grid Transco during the fourth quarter worth approximately $34,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco Stock Up 0.0%

Shares of National Grid Transco stock opened at $82.34 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76. The stock’s 50 day simple moving average is $82.66 and its 200-day simple moving average is $85.28. National Grid Transco, PLC has a 1-year low of $67.51 and a 1-year high of $94.64.

National Grid Transco Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research note on Friday, July 17th. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft lowered shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently 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.