Quantinno Capital Management LP Has $22.74 Million Position in National Grid Transco, PLC $NGG

Quantinno Capital Management LP lifted its holdings in National Grid Transco, PLC (NYSE:NGG) by 27.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,822 shares of the utilities provider’s stock after acquiring an additional 58,057 shares during the period. Quantinno Capital Management LP’s holdings in National Grid Transco were worth $22,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NGG. AQR Capital Management LLC acquired a new stake in National Grid Transco during the first quarter worth approximately $490,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in National Grid Transco by 79.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,966 shares of the utilities provider’s stock valued at $2,360,000 after buying an additional 15,873 shares during the period. NewEdge Advisors LLC lifted its stake in National Grid Transco by 12.5% in the first quarter. NewEdge Advisors LLC now owns 8,767 shares of the utilities provider’s stock valued at $575,000 after buying an additional 971 shares during the period. Focus Partners Wealth lifted its stake in National Grid Transco by 11.1% in the first quarter. Focus Partners Wealth now owns 10,375 shares of the utilities provider’s stock valued at $681,000 after buying an additional 1,036 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of National Grid Transco during the 2nd quarter worth approximately $221,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Trading Down 0.5%

NYSE NGG opened at $79.99 on Friday. National Grid Transco, PLC has a 52 week low of $67.51 and a 52 week high of $94.64. The business has a 50 day moving average price of $82.16 and a 200-day moving average price of $85.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.

National Grid Transco Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, July 23rd. Investors of record on Friday, May 29th were issued a $2.1738 dividend. This represents a dividend yield of 533.0%. The ex-dividend date was Friday, May 29th.

Analysts Set New Price Targets

NGG has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft downgraded shares of National Grid Transco from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen lowered shares of National Grid Transco from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $85.50.

National Grid Transco Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.