Capital One National Association Has $368,000 Position in National Grid Transco, PLC (NYSE:NGG)

Capital One National Association cut its position in National Grid Transco, PLC (NYSE:NGG) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,852 shares of the utilities provider’s stock after selling 512 shares during the period. Capital One National Association’s holdings in National Grid Transco, PLC were worth $368,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of National Grid Transco, PLC by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 366,323 shares of the utilities provider’s stock worth $21,368,000 after buying an additional 13,609 shares in the last quarter. FMR LLC boosted its stake in shares of National Grid Transco, PLC by 24.9% in the fourth quarter. FMR LLC now owns 10,611 shares of the utilities provider’s stock worth $619,000 after buying an additional 2,115 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of National Grid Transco, PLC by 0.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,386 shares of the utilities provider’s stock worth $503,000 after buying an additional 49 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of National Grid Transco, PLC by 4.8% in the first quarter. CENTRAL TRUST Co now owns 5,306 shares of the utilities provider’s stock worth $337,000 after buying an additional 242 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of National Grid Transco, PLC by 5.1% in the first quarter. Raymond James Trust N.A. now owns 31,153 shares of the utilities provider’s stock worth $1,978,000 after buying an additional 1,523 shares in the last quarter. Hedge funds and other institutional investors own 5.73% of the company’s stock.

National Grid Transco, PLC (NGG) opened at 61.66 on Monday. The stock’s 50 day moving average is $68.06 and its 200-day moving average is $66.90. National Grid Transco, PLC has a 12 month low of $60.08 and a 12 month high of $80.89. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 4.21 and a beta of 0.46.

The business also recently announced a special dividend, which will be paid on Wednesday, August 16th. Investors of record on Friday, June 2nd will be issued a dividend of $1.872 per share. This is an increase from National Grid Transco, PLC’s previous special dividend of $0.93. The ex-dividend date is Wednesday, May 31st.

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A number of equities research analysts recently issued reports on NGG shares. BNP Paribas upgraded shares of National Grid Transco, PLC from an “underperform” rating to a “neutral” rating in a report on Tuesday, March 21st. Royal Bank Of Canada lowered shares of National Grid Transco, PLC from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 4th. Berenberg Bank lowered shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Barclays PLC reissued an “equal weight” rating and set a $69.00 target price on shares of National Grid Transco, PLC in a research report on Friday, May 12th. Finally, Bank of America Corporation raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $70.50.

About National Grid Transco, PLC

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, PLC (NYSE:NGG)

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