Future Fund LLC Makes New $491,000 Investment in National Grid Transco, PLC $NGG

Future Fund LLC acquired a new stake in shares of National Grid Transco, PLC (NYSE:NGG) during the second quarter, HoldingsChannel reports. The fund acquired 6,594 shares of the utilities provider’s stock, valued at approximately $491,000.

Several other large investors have also recently made changes to their positions in NGG. Federated Hermes Inc. lifted its position in shares of National Grid Transco by 49.8% during the first quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock valued at $205,592,000 after buying an additional 1,041,918 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of National Grid Transco by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock worth $132,064,000 after purchasing an additional 94,839 shares during the last quarter. Royal Bank of Canada lifted its stake in National Grid Transco by 7.9% during the 1st quarter. Royal Bank of Canada now owns 1,880,406 shares of the utilities provider’s stock valued at $123,375,000 after acquiring an additional 137,541 shares during the period. Envestnet Asset Management Inc. grew its position in National Grid Transco by 29.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,774,746 shares of the utilities provider’s stock worth $132,059,000 after purchasing an additional 402,329 shares during the period. Finally, Raymond James Financial Inc. raised its position in National Grid Transco by 22.7% during the first quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock valued at $91,176,000 after acquiring an additional 256,645 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Transco Trading Up 2.0%

Shares of NYSE NGG opened at $77.79 on Monday. National Grid Transco, PLC has a 52-week low of $55.82 and a 52-week high of $77.94. The business’s 50 day moving average is $73.22 and its two-hundred day moving average is $72.23. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.30.

National Grid Transco Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 13th. Investors of record on Friday, November 21st will be issued a dividend of $1.0657 per share. This represents a yield of 274.0%. The ex-dividend date is Friday, November 21st.

Analyst Ratings Changes

Several research firms have recently issued reports on NGG. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.40.

National Grid Transco Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.