Rockefeller Capital Management L.P. Buys 6,486 Shares of National Grid Transco, PLC $NGG

Rockefeller Capital Management L.P. increased its position in National Grid Transco, PLC (NYSE:NGG) by 67.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,166 shares of the utilities provider’s stock after purchasing an additional 6,486 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in National Grid Transco were worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NGG. First Pacific Financial raised its holdings in shares of National Grid Transco by 194,350.0% in the fourth quarter. First Pacific Financial now owns 11,667 shares of the utilities provider’s stock valued at $902,000 after acquiring an additional 11,661 shares in the last quarter. Causeway Capital Management LLC raised its holdings in shares of National Grid Transco by 112.4% in the 3rd quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider’s stock valued at $48,772,000 after purchasing an additional 355,149 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of National Grid Transco by 1.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,011,143 shares of the utilities provider’s stock worth $146,150,000 after purchasing an additional 36,984 shares during the period. American Century Companies Inc. boosted its stake in shares of National Grid Transco by 18.7% during the third quarter. American Century Companies Inc. now owns 224,912 shares of the utilities provider’s stock valued at $16,344,000 after purchasing an additional 35,449 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in National Grid Transco by 67.4% during 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. 4.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a research report on Monday, June 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $85.50.

National Grid Transco Stock Performance

Shares of NYSE NGG opened at $80.19 on Thursday. National Grid Transco, PLC has a fifty-two week low of $67.51 and a fifty-two week high of $94.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71. The business has a 50-day simple moving average of $83.92 and a two-hundred day simple moving average of $84.58.

National Grid Transco Announces Dividend

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

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.