Ferguson Wellman Capital Management Inc. Takes $21.28 Million Position in National Grid Transco, PLC $NGG

Ferguson Wellman Capital Management Inc. bought a new position in National Grid Transco, PLC (NYSE:NGG) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 251,502 shares of the utilities provider’s stock, valued at approximately $21,277,000.

Several other large investors have also added to or reduced their stakes in NGG. Sound Income Strategies LLC increased its holdings in National Grid Transco by 13.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,075 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 129 shares in the last quarter. Natural Investments LLC lifted its holdings in shares of National Grid Transco by 1.2% in the fourth quarter. Natural Investments LLC now owns 11,617 shares of the utilities provider’s stock valued at $898,000 after purchasing an additional 133 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of National Grid Transco by 88.2% during the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. IFP Advisors Inc boosted its position in shares of National Grid Transco by 28.1% during the third quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock valued at $50,000 after buying an additional 152 shares during the last quarter. Finally, Optas LLC grew its holdings in National Grid Transco by 1.9% during the fourth quarter. Optas LLC now owns 8,739 shares of the utilities provider’s stock worth $676,000 after buying an additional 160 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Price Performance

National Grid Transco stock traded up $0.31 during mid-day trading on Friday, reaching $82.63. 470,436 shares of the company’s stock were exchanged, compared to its average volume of 1,107,696. The business’s fifty day simple moving average is $83.41 and its 200 day simple moving average is $84.85. 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 one year low of $67.51 and a one year high of $94.64.

National Grid Transco Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. UBS Group reiterated a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a research report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, National Grid Transco presently has a consensus rating of “Reduce” and a consensus target price of $85.50.

National Grid Transco 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.