National Grid Transco, PLC (NGG) Stake Lifted by Guardian Capital Advisors LP

Guardian Capital Advisors LP increased its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,794 shares of the utilities provider’s stock after buying an additional 5,685 shares during the period. Guardian Capital Advisors LP’s holdings in National Grid Transco were worth $7,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC purchased a new position in shares of National Grid Transco during the third quarter valued at approximately $103,000. Advisors Preferred LLC purchased a new position in shares of National Grid Transco during the third quarter valued at approximately $118,000. Bronfman E.L. Rothschild L.P. increased its position in National Grid Transco by 30.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 589 shares during the last quarter. Krilogy Financial LLC acquired a new position in National Grid Transco during the third quarter worth approximately $163,000. Finally, Suncoast Equity Management acquired a new position in National Grid Transco during the second quarter worth approximately $205,000. 5.61% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco, PLC (NGG) traded down $0.24 during midday trading on Tuesday, reaching $59.33. 528,900 shares of the company’s stock were exchanged, compared to its average volume of 515,975. National Grid Transco, PLC has a 12-month low of $58.42 and a 12-month high of $75.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be given a $1.0169 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a dividend yield of 3.44%.

Several equities research analysts have recently issued reports on NGG shares. Zacks Investment Research lowered shares of National Grid Transco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. ValuEngine raised shares of National Grid Transco from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Credit Suisse Group raised shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a research report on Monday, November 27th. J P Morgan Chase & Co restated a “buy” rating on shares of National Grid Transco in a research note on Wednesday, November 15th. Finally, Deutsche Bank upgraded shares of National Grid Transco from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.00.

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National Grid Transco 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.

Institutional Ownership by Quarter for National Grid Transco (NYSE:NGG)

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