Vise Technologies Inc. Buys 10,133 Shares of National Grid Transco, PLC $NGG

Vise Technologies Inc. lifted its stake in National Grid Transco, PLC (NYSE:NGG) by 65.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,655 shares of the utilities provider’s stock after buying an additional 10,133 shares during the period. Vise Technologies Inc.’s holdings in National Grid Transco were worth $1,984,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NGG. SG Americas Securities LLC lifted its stake in shares of National Grid Transco by 47,478.9% in the fourth quarter. SG Americas Securities LLC now owns 892,580 shares of the utilities provider’s stock valued at $69,041,000 after buying an additional 890,704 shares during the period. Bank of America Corp DE lifted its stake in shares of National Grid Transco by 21.5% in the second quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock valued at $342,017,000 after buying an additional 814,248 shares during the period. Bank of Montreal Can lifted its stake in shares of National Grid Transco by 67.4% in the third quarter. Bank of Montreal Can now owns 1,669,191 shares of the utilities provider’s stock valued at $121,300,000 after buying an additional 672,050 shares during the period. Causeway Capital Management LLC lifted its stake in shares of National Grid Transco by 112.4% in the third quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider’s stock valued at $48,772,000 after buying an additional 355,149 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of National Grid Transco by 20.3% in the second quarter. Raymond James Financial Inc. now owns 1,671,746 shares of the utilities provider’s stock valued at $124,395,000 after buying an additional 282,085 shares during the period. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NGG. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. The Goldman Sachs Group restated a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. UBS Group restated a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Finally, Citigroup restated a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $85.50.

National Grid Transco Trading Down 0.1%

Shares of NGG opened at $81.79 on Monday. 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, PLC has a 12 month low of $67.51 and a 12 month high of $94.64. The company has a 50-day moving average price of $85.91 and a two-hundred day moving average price of $83.81.

National Grid Transco Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th will be paid a dividend of $2.1738 per share. The ex-dividend date is Friday, May 29th. This represents a yield of 533.0%.

National Grid Transco Company 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.