Comerica Bank reduced its stake in National Grid Transco, PLC (NYSE:NGG) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,718 shares of the utilities provider’s stock after selling 3,009 shares during the period. Comerica Bank’s holdings in National Grid Transco, PLC were worth $3,950,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position in shares of National Grid Transco, PLC by 1.6% in the third quarter. Venturi Wealth Management LLC now owns 30,346 shares of the utilities provider’s stock valued at $2,158,000 after buying an additional 491 shares during the period.
Agur Provident & Training Funds Management Ltd. raised its position in shares of National Grid Transco, PLC by 40.1% in the third quarter. Agur Provident & Training Funds Management Ltd. now owns 32,884 shares of the utilities provider’s stock valued at $2,338,000 after buying an additional 9,406 shares during the period. Vaughan David Investments Inc. IL raised its position in shares of National Grid Transco, PLC by 2.0% in the third quarter.
Vaughan David Investments Inc. IL now owns 249,392 shares of the utilities provider’s stock valued at $17,734,000 after buying an additional 4,805 shares during the period. Aviance Capital Management LLC raised its position in shares of National Grid Transco, PLC by 7.2% in the third quarter. Aviance Capital Management LLC now owns 597,918 shares of the utilities provider’s stock valued at $42,518,000 after buying an additional 40,029 shares during the period. Finally, Rikoon Group LLC bought a new position in shares of National Grid Transco, PLC during the third quarter valued at about $323,000. Institutional investors own 5.73% of the company’s stock.
Shares of National Grid Transco, PLC (NGG) opened at 65.18 on Monday. National Grid Transco, PLC has a 52-week low of $61.68 and a 52-week high of $81.85. The stock has a market capitalization of $44.86 billion, a price-to-earnings ratio of 4.52 and a beta of 0.46. The firm’s 50-day moving average is $70.74 and its 200 day moving average is $66.75.
The firm also recently announced a special dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, June 2nd will be issued a $1.872 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This is an increase from National Grid Transco, PLC’s previous special dividend of $0.93.
Shares of National Grid Transco, PLC (NGG) opened at 65.18 on Monday. National Grid Transco, PLC has a 52-week low of $61.68 and a 52-week high of $81.85. The stock has a market capitalization of $44.86 billion, a price-to-earnings ratio of 4.52 and a beta of 0.46. The firm’s 50-day moving average is $70.74 and its 200 day moving average is $66.75.
The firm also recently announced a special dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, June 2nd will be issued a $1.872 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This is an increase from National Grid Transco, PLC’s previous special dividend of $0.93.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Friday, May 26th. Berenberg Bank lowered shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th.
Bank of America Corporation upgraded shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Deutsche Bank AG lowered shares of National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $69.00 target price on shares of National Grid Transco, PLC in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $74.00.
National Grid Transco, PLC Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States.
National Grid Transco, PLC Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States.
The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
By: Kim Johansen (The Markets Daily).
Photo: Wood TV.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
By: Kim Johansen (The Markets Daily).
Photo: Wood TV.
Review: Emerging Market Formulations & Research Unit, Flagship Records.