National Grid Transco Sees Unusually Large Options Volume (NGG)

National Grid Transco, PLC (NYSE:NGG) was the target of unusually large options trading on Tuesday. Stock traders acquired 3,075 call options on the company. This represents an increase of approximately 3,206% compared to the typical daily volume of 93 call options.

National Grid Transco (NGG) traded up $0.47 during trading on Friday, hitting $57.58. The company had a trading volume of 767,088 shares, compared to its average volume of 729,187. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. National Grid Transco has a 12-month low of $56.63 and a 12-month high of $75.24. The firm has a market capitalization of $39,010.00, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 4.07 and a beta of 0.44.

The company also recently announced a semiannual dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, November 24th were issued a dividend of $1.0169 per share. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend was Wednesday, November 22nd. National Grid Transco’s dividend payout ratio (DPR) is 58.07%.

Several institutional investors have recently added to or reduced their stakes in NGG. Valeo Financial Advisors LLC purchased a new position in National Grid Transco during the third quarter valued at approximately $103,000. Advisors Preferred LLC purchased a new position in National Grid Transco during the third quarter valued at approximately $118,000. Steward Partners Investment Advisory LLC purchased a new position in National Grid Transco during the third quarter valued at approximately $119,000. Bronfman E.L. Rothschild L.P. raised its position in National Grid Transco by 30.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 589 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new position in National Grid Transco during the third quarter valued at approximately $163,000. 5.60% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered National Grid Transco from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine upgraded National Grid Transco from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Credit Suisse Group upgraded National Grid Transco from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of National Grid Transco in a research note on Wednesday, November 15th. Finally, Macquarie upgraded National Grid Transco from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. National Grid Transco currently has a consensus rating of “Hold” and a consensus price target of $67.00.

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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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