BB&T Corp lowered its position in shares of National Grid Transco, PLC (NYSE:NGG) by 13.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,369 shares of the utilities provider’s stock after selling 17,678 shares during the period. BB&T Corp’s holdings in National Grid Transco, PLC were worth $7,373,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of NGG. Dimensional Fund Advisors LP increased its position in National Grid Transco, PLC by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 366,323 shares of the utilities provider’s stock worth $21,368,000 after buying an additional 13,609 shares during the period. FMR LLC increased its position in National Grid Transco, PLC by 24.9% in the fourth quarter. FMR LLC now owns 10,611 shares of the utilities provider’s stock worth $619,000 after buying an additional 2,115 shares during the period. HighPoint Advisor Group LLC increased its position 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 worth $503,000 after buying an additional 49 shares during the period. CENTRAL TRUST Co increased its position in National Grid Transco, PLC by 4.8% in the first quarter. CENTRAL TRUST Co now owns 5,306 shares of the utilities provider’s stock worth $337,000 after buying an additional 242 shares during the period. Finally, Raymond James Trust N.A. increased its position in National Grid Transco, PLC by 5.1% in the first quarter. Raymond James Trust N.A. now owns 31,153 shares of the utilities provider’s stock worth $1,978,000 after buying an additional 1,523 shares during the period. 5.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of National Grid Transco, PLC (NYSE:NGG) traded up 0.21% on Friday, hitting $62.92. 306,782 shares of the stock were exchanged. National Grid Transco, PLC has a 52-week low of $60.08 and a 52-week high of $80.95. The stock has a market cap of $43.30 billion, a PE ratio of 4.27 and a beta of 0.45. The company’s 50 day moving average is $63.96 and its 200-day moving average is $66.70.
The company also recently announced a special dividend, which will be paid on Wednesday, August 16th. Investors of record on Friday, June 2nd will be issued a $1.872 dividend. This is a boost from National Grid Transco, PLC’s previous special dividend of $0.93. The ex-dividend date of this dividend is Wednesday, May 31st.
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A number of research analysts have commented on NGG shares. Royal Bank Of Canada downgraded shares of National Grid Transco, PLC from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 4th. Berenberg Bank downgraded shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Barclays PLC reissued an “equal weight” rating and set a $69.00 target price on shares of National Grid Transco, PLC in a research report on Friday, May 12th. Bank of America Corporation raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research report on Tuesday, May 23rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $70.50.
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.
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