Savvy Advisors Inc. Acquires 588 Shares of National Grid Transco, PLC (NYSE:NGG)

Savvy Advisors Inc. lifted its holdings in National Grid Transco, PLC (NYSE:NGG) by 14.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,709 shares of the utilities provider’s stock after acquiring an additional 588 shares during the period. Savvy Advisors Inc.’s holdings in National Grid Transco were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco in the 1st quarter valued at about $28,000. SJS Investment Consulting Inc. bought a new position in shares of National Grid Transco in the 1st quarter valued at about $29,000. Sound Income Strategies LLC lifted its holdings in shares of National Grid Transco by 197.3% in the 1st quarter. Sound Income Strategies LLC now owns 877 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 582 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of National Grid Transco by 216.8% in the 1st quarter. Bessemer Group Inc. now owns 960 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 657 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in shares of National Grid Transco in the 1st quarter valued at about $71,000. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Stock Performance

National Grid Transco stock opened at $71.00 on Monday. The company has a 50 day moving average price of $71.75 and a 200-day moving average price of $68.14. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. National Grid Transco, PLC has a fifty-two week low of $55.82 and a fifty-two week high of $74.82. The company has a market capitalization of $69.60 billion, a PE ratio of 13.65, a P/E/G ratio of 1.61 and a beta of 0.63.

National Grid Transco Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, July 28th. Stockholders of record on Friday, May 30th were paid a dividend of $2.0345 per share. This represents a dividend yield of 470.0%. The ex-dividend date of this dividend was Friday, May 30th. National Grid Transco’s payout ratio is currently 78.27%.

Analyst Ratings Changes

Several brokerages have issued reports on NGG. BNP Paribas raised shares of National Grid Transco from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 29th. Barclays reissued an “overweight” rating on shares of National Grid Transco in a research note on Friday, May 16th. BNP Paribas Exane began coverage on shares of National Grid Transco in a research note on Thursday, May 29th. They issued an “outperform” rating and a $80.40 price objective for the company. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, May 6th. Finally, UBS Group downgraded shares of National Grid Transco from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.40.

National Grid Transco 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.