Somewhat Positive Press Coverage Somewhat Unlikely to Affect National Grid Transco, PLC (NGG) Share Price
Media headlines about National Grid Transco, PLC (NYSE:NGG) have been trending somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. National Grid Transco, PLC earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.9899020558436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts have issued reports on NGG shares. Deutsche Bank AG cut shares of National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Royal Bank Of Canada cut shares of National Grid Transco, PLC from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, June 27th. BidaskClub raised shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Berenberg Bank raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $70.50.
National Grid Transco, PLC (NYSE:NGG) traded down 0.10% during midday trading on Friday, reaching $62.78. 243,817 shares of the company’s stock traded hands. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $79.56. The stock’s 50 day moving average price is $62.43 and its 200 day moving average price is $66.58. The firm has a market cap of $43.21 billion, a price-to-earnings ratio of 4.29 and a beta of 0.45.
The firm also recently disclosed a special dividend, which was paid on Wednesday, August 16th. Shareholders of record on Friday, June 2nd were issued a dividend of $1.872 per share. This is an increase from National Grid Transco, PLC’s previous special dividend of $0.93. The ex-dividend date was Wednesday, May 31st.
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About National Grid Transco, PLC
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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