Gofen & Glossberg LLC IL trimmed its stake in shares of National Grid Transco, PLC (NYSE:NGG) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,229 shares of the utilities provider’s stock after selling 2,009 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in National Grid Transco were worth $13,058,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new position in National Grid Transco during the third quarter worth $103,000. Advisors Preferred LLC bought a new position in National Grid Transco during the third quarter worth $118,000. Bronfman E.L. Rothschild L.P. boosted its position 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 during the period. Krilogy Financial LLC bought a new position in National Grid Transco during the third quarter worth $163,000. Finally, Suncoast Equity Management bought a new position in National Grid Transco during the second quarter worth $205,000. 5.61% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on NGG shares. Zacks Investment Research cut shares of National Grid Transco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. ValuEngine raised shares of National Grid Transco from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Credit Suisse Group raised shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a research report on Monday, November 27th. J P Morgan Chase & Co reissued a “buy” rating on shares of National Grid Transco in a research report on Wednesday, November 15th. Finally, Deutsche Bank raised shares of National Grid Transco from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $69.00.

Shares of National Grid Transco, PLC (NGG) traded down $0.18 during trading on Thursday, hitting $58.95. 606,500 shares of the stock were exchanged, compared to its average volume of 516,267. National Grid Transco, PLC has a 52 week low of $58.42 and a 52 week high of $75.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be given a $1.0169 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a dividend yield of 3.44%. National Grid Transco’s payout ratio is presently 58.62%.

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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.

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Institutional Ownership by Quarter for National Grid Transco (NYSE:NGG)

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