Capital International Inc. CA Purchases New Position in National Grid Transco, PLC (NGG)

Capital International Inc. CA acquired a new stake in National Grid Transco, PLC (NYSE:NGG) in the third quarter, according to its most recent filing with the SEC. The fund acquired 9,800 shares of the utilities provider’s stock, valued at approximately $615,000.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in National Grid Transco in the 3rd quarter valued at approximately $118,000. Bronfman E.L. Rothschild L.P. grew its stake in National Grid Transco by 30.5% in 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. Suncoast Equity Management purchased a new position in National Grid Transco in the 2nd quarter valued at approximately $205,000. Armor Investment Advisors LLC purchased a new position in National Grid Transco in the 3rd quarter valued at approximately $226,000. Finally, Bbva Compass Bancshares Inc. purchased a new position in National Grid Transco in the 3rd quarter valued at approximately $253,000. Institutional investors and hedge funds own 5.60% of the company’s stock.

Shares of National Grid Transco, PLC (NYSE NGG) traded down $0.11 during trading hours on Friday, reaching $59.57. 444,471 shares of the company’s stock traded hands, compared to its average volume of 578,572. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.32. National Grid Transco, PLC has a 1 year low of $58.42 and a 1 year high of $75.24.

The company also recently declared a semiannual dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, November 24th will be issued a $1.0169 dividend. This represents a yield of 3.44%. The ex-dividend date is Wednesday, November 22nd.

NGG has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of National Grid Transco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. J P Morgan Chase & Co reiterated a “buy” rating on shares of National Grid Transco in a research note on Wednesday, November 15th. Credit Suisse Group upgraded shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. ValuEngine upgraded shares of National Grid Transco from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Deutsche Bank upgraded shares of National Grid Transco from a “sell” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.00.

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National Grid Transco Company 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.

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

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