Federated Hermes Inc. Sells 40,526 Shares of National Grid Transco, PLC $NGG

Federated Hermes Inc. lessened its position in National Grid Transco, PLC (NYSE:NGG) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,159,478 shares of the utilities provider’s stock after selling 40,526 shares during the period. Federated Hermes Inc. owned about 0.32% of National Grid Transco worth $229,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NGG. Trust Co. of Toledo NA OH bought a new position in National Grid Transco in the 2nd quarter valued at approximately $31,000. V Square Quantitative Management LLC purchased a new position in shares of National Grid Transco in the second quarter worth $35,000. Salomon & Ludwin LLC lifted 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 purchasing an additional 464 shares in the last quarter. Huntington National Bank boosted its position 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 holdings in National Grid Transco by 100.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 526 shares of the utilities provider’s stock worth $39,000 after buying an additional 263 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of several research analyst reports. BNP Paribas Exane cut shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, January 22nd. Morgan Stanley began coverage on shares of National Grid Transco in a research report on Friday, December 12th. They issued an “overweight” rating and a $85.50 target price for the company. Finally, National Bankshares set a $85.50 target price on shares of National Grid Transco in a research note on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.80.

National Grid Transco Trading Up 2.0%

NGG opened at $84.24 on Wednesday. The company’s 50 day moving average is $77.51 and its 200 day moving average is $74.51. 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, PLC has a 12-month low of $59.35 and a 12-month high of $84.50.

National Grid Transco Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, November 21st were given a dividend of $1.0657 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a dividend yield of 284.0%.

About National Grid Transco

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.