Vise Technologies Inc. Makes New $1.05 Million Investment in National Grid Transco, PLC $NGG

Vise Technologies Inc. purchased a new stake in National Grid Transco, PLC (NYSE:NGG) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,061 shares of the utilities provider’s stock, valued at approximately $1,046,000.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. raised its stake in shares of National Grid Transco by 49.8% during the 1st quarter. Federated Hermes Inc. now owns 3,133,548 shares of the utilities provider’s stock worth $205,592,000 after buying an additional 1,041,918 shares during the period. Nuveen LLC purchased a new position in National Grid Transco in the first quarter valued at $32,015,000. Envestnet Asset Management Inc. raised its stake in National Grid Transco by 29.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,774,746 shares of the utilities provider’s stock worth $132,059,000 after acquiring an additional 402,329 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of National Grid Transco by 398.9% during the second quarter. Bank of New York Mellon Corp now owns 347,391 shares of the utilities provider’s stock worth $25,849,000 after buying an additional 277,756 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of National Grid Transco by 22.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,389,661 shares of the utilities provider’s stock worth $91,176,000 after acquiring an additional 256,645 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on NGG shares. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.40.

National Grid Transco Trading Down 0.9%

Shares of National Grid Transco stock traded down $0.67 on Thursday, hitting $77.36. The company had a trading volume of 139,058 shares, compared to its average volume of 806,870. 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 1 year low of $55.82 and a 1 year high of $154,293.00. The stock has a 50 day moving average of $73.73 and a 200-day moving average of $72.34.

National Grid Transco Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, January 13th. Investors of record on Friday, November 21st will be issued a dividend of $1.0657 per share. This represents a yield of 274.0%. The ex-dividend date is Friday, November 21st.

About National Grid Transco

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.