Milford Funds Ltd. Acquires Shares of 2,368,561 National Grid Transco, PLC $NGG

Milford Funds Ltd. acquired a new stake in National Grid Transco, PLC (NYSE:NGG – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,368,561 shares of the utilities provider’s stock, valued at approximately $183,208,000. National Grid Transco accounts for approximately 3.6% of Milford Funds Ltd.’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC grew its holdings in National Grid Transco by 88.2% in the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Johnson Financial Group Inc. acquired a new stake in National Grid Transco in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. grew its holdings in National Grid Transco by 88.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 162 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in National Grid Transco in the third quarter valued at approximately $28,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in National Grid Transco in the fourth quarter valued at approximately $34,000. 4.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. UBS Group restated a “sell” rating on shares of National Grid Transco in a research report on Monday, March 16th. Citigroup restated a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Grid Transco in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded National Grid Transco from a “buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, National Grid Transco has a consensus rating of “Reduce” and an average price target of $85.50.

Check Out Our Latest Research Report on NGG

National Grid Transco Trading Up 0.3%

NYSE NGG opened at $81.80 on Friday. The stock’s 50 day simple moving average is $85.62 and its 200-day simple moving average is $83.92. National Grid Transco, PLC has a 1-year low of $67.51 and a 1-year high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.

National Grid Transco Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Friday, May 29th will be given a $2.1738 dividend. This represents a dividend yield of 533.0%. The ex-dividend date is Friday, May 29th.

National Grid Transco Profile

(Free Report)

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.

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