Tectonic Advisors LLC Acquires Shares of 36,321 National Grid Transco, PLC $NGG

Tectonic Advisors LLC acquired a new stake in shares of National Grid Transco, PLC (NYSE:NGG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,321 shares of the utilities provider’s stock, valued at approximately $2,639,000.

A number of other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in National Grid Transco in the 2nd quarter valued at $31,000. V Square Quantitative Management LLC bought a new position in shares of National Grid Transco in the second quarter valued at $35,000. Salomon & Ludwin LLC grew its holdings in shares of National Grid Transco by 4,218.2% during the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after buying an additional 464 shares during the last quarter. Huntington National Bank grew its holdings in shares of National Grid Transco by 41.1% during the second quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock valued at $37,000 after buying an additional 146 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of National Grid Transco by 100.0% during the second quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 263 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on NGG shares. BNP Paribas cut shares of National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, November 24th. National Bankshares set a $85.50 price objective on National Grid Transco in a report on Friday, December 12th. Morgan Stanley initiated coverage on National Grid Transco in a research note on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Finally, BNP Paribas Exane downgraded National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $83.80.

National Grid Transco Stock Performance

National Grid Transco stock opened at $77.44 on Friday. National Grid Transco, PLC has a 52 week low of $55.82 and a 52 week high of $78.49. The company’s 50 day moving average price is $76.27 and its two-hundred day moving average price is $73.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90.

National Grid Transco Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st will be given a $1.0657 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a yield of 284.0%.

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.