Integrated Quantitative Investments LLC Takes $2.53 Million Position in National Grid Transco, PLC $NGG

Integrated Quantitative Investments LLC purchased a new position in National Grid Transco, PLC (NYSE:NGG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,970 shares of the utilities provider’s stock, valued at approximately $2,528,000. National Grid Transco accounts for about 0.7% of Integrated Quantitative Investments LLC’s holdings, making the stock its 14th largest holding.

Other large investors also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in shares of National Grid Transco during the second quarter valued at approximately $31,000. V Square Quantitative Management LLC purchased a new position in National Grid Transco during the 2nd quarter worth $35,000. Huntington National Bank raised its position in National Grid Transco by 41.1% during the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of National Grid Transco by 100.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after buying an additional 263 shares during the period. Finally, Capital Analysts LLC lifted its holdings in shares of National Grid Transco by 33.6% in the 1st quarter. Capital Analysts LLC now owns 640 shares of the utilities provider’s stock worth $42,000 after buying an additional 161 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Stock Down 0.9%

Shares of NYSE:NGG opened at $77.38 on Friday. The business’s 50-day moving average is $74.06 and its 200 day moving average is $72.41. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. National Grid Transco, PLC has a 1 year low of $55.82 and a 1 year high of $78.49.

National Grid Transco Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on NGG. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Zacks Research cut shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.