Bollard Group LLC reduced its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 8.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,241 shares of the utilities provider’s stock after selling 1,024 shares during the period. Bollard Group LLC’s holdings in National Grid Transco, PLC were worth $706,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake in National Grid Transco, PLC by 0.8% in the first quarter. First Trust Advisors LP now owns 5,740 shares of the utilities provider’s stock valued at $364,000 after buying an additional 43 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in National Grid Transco, PLC by 0.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,386 shares of the utilities provider’s stock valued at $503,000 after buying an additional 49 shares in the last quarter. Wellington Management Group LLP boosted its stake in National Grid Transco, PLC by 2.2% in the first quarter. Wellington Management Group LLP now owns 4,708 shares of the utilities provider’s stock valued at $299,000 after buying an additional 100 shares in the last quarter. GM Advisory Group Inc. boosted its stake in National Grid Transco, PLC by 2.7% in the first quarter. GM Advisory Group Inc. now owns 3,845 shares of the utilities provider’s stock valued at $244,000 after buying an additional 100 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in National Grid Transco, PLC by 1.4% in the first quarter. Trust Co. of Vermont now owns 11,171 shares of the utilities provider’s stock valued at $710,000 after buying an additional 150 shares in the last quarter. 5.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of National Grid Transco, PLC (NGG) traded up 0.21% during midday trading on Friday, reaching $62.92. 306,782 shares of the company’s stock traded hands. The firm has a market cap of $43.30 billion, a PE ratio of 4.27 and a beta of 0.45. National Grid Transco, PLC has a 52-week low of $60.08 and a 52-week high of $80.95. The company has a 50 day moving average of $63.96 and a 200 day moving average of $66.70.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Friday, June 2nd will be paid a $1.872 dividend. This is a positive change from National Grid Transco, PLC’s previous special dividend of $0.93. The ex-dividend date is Wednesday, May 31st.
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Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a research report on Thursday, June 29th. Berenberg Bank cut shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. BidaskClub cut shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, HSBC Holdings plc cut shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $70.50.
About National Grid Transco, PLC
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.
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