National Grid Transco, PLC (NGG) Position Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its position in shares of National Grid Transco, PLC (NYSE:NGG) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,550 shares of the utilities provider’s stock after purchasing an additional 4,300 shares during the period. Public Employees Retirement System of Ohio’s holdings in National Grid Transco were worth $4,800,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new stake in National Grid Transco during the 3rd quarter valued at about $103,000. Advisors Preferred LLC bought a new stake in National Grid Transco during the 3rd quarter valued at about $118,000. Bronfman E.L. Rothschild L.P. lifted its holdings in National Grid Transco by 30.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock valued at $158,000 after buying an additional 589 shares in the last quarter. Krilogy Financial LLC bought a new stake in National Grid Transco during the 3rd quarter valued at about $163,000. Finally, Suncoast Equity Management bought a new stake in National Grid Transco during the 2nd quarter valued at about $205,000. 5.60% of the stock is owned by hedge funds and other institutional investors.

Shares of National Grid Transco, PLC (NGG) opened at $57.87 on Wednesday. National Grid Transco, PLC has a twelve month low of $57.65 and a twelve month high of $75.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. The company has a market cap of $39,140.00, a PE ratio of 18.20, a PEG ratio of 4.00 and a beta of 0.44.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be issued a $1.0169 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a dividend yield of 3.44%. National Grid Transco’s dividend payout ratio is currently 58.81%.

A number of brokerages recently weighed in on NGG. Macquarie upgraded shares of National Grid Transco from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 19th. Deutsche Bank upgraded shares of National Grid Transco from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. ValuEngine upgraded shares of National Grid Transco from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Credit Suisse Group upgraded shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $69.00.

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National Grid Transco Profile

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.

Institutional Ownership by Quarter for National Grid Transco (NYSE:NGG)

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