Sei Investments Co. grew its position in shares of National Grid Transco, PLC (NYSE:NGG) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,071 shares of the utilities provider’s stock after purchasing an additional 4,701 shares during the period. Sei Investments Co.’s holdings in National Grid Transco were worth $2,952,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Comerica Securities Inc. lifted its stake in National Grid Transco by 0.5% during the second quarter. Comerica Securities Inc. now owns 8,134 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 37 shares in the last quarter. Ballentine Partners LLC lifted its stake in National Grid Transco by 1.4% during the second quarter. Ballentine Partners LLC now owns 4,480 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 60 shares in the last quarter. State Street Corp lifted its stake in National Grid Transco by 2.7% during the second quarter. State Street Corp now owns 7,910 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 206 shares in the last quarter. HighVista Strategies LLC lifted its stake in National Grid Transco by 1.2% during the second quarter. HighVista Strategies LLC now owns 27,043 shares of the utilities provider’s stock worth $1,699,000 after purchasing an additional 320 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake 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 in the last quarter. Institutional investors own 5.60% of the company’s stock.

National Grid Transco, PLC (NGG) traded down $0.07 during trading on Friday, hitting $60.04. The stock had a trading volume of 717,735 shares, compared to its average volume of 514,836. National Grid Transco, PLC has a 1-year low of $58.42 and a 1-year 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 business also recently disclosed a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be given a dividend of $1.0169 per share. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 22nd.

A number of research analysts have commented on the company. Credit Suisse Group upgraded National Grid Transco from an “underperform” rating to a “neutral” rating in a research note on Monday. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of National Grid Transco in a research report on Wednesday, November 15th. Finally, Zacks Investment Research lowered National Grid Transco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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