National Grid Transco, PLC (NYSE:NGG) Receives Consensus Rating of “Hold” from Analysts

Shares of National Grid Transco, PLC (NYSE:NGG) have earned an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $83.80.

A number of research analysts recently weighed in on the stock. BNP Paribas Exane lowered shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a report on Monday, January 26th. National Bankshares set a $85.50 target price on National Grid Transco in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, January 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research note on Thursday.

National Grid Transco Stock Up 1.4%

NYSE:NGG opened at $88.08 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. National Grid Transco has a fifty-two week low of $59.35 and a fifty-two week high of $89.13. The company has a fifty day moving average of $79.25 and a two-hundred day moving average of $75.28.

Hedge Funds Weigh In On National Grid Transco

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Johnson Financial Group Inc. purchased a new position in National Grid Transco in the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. increased its holdings in shares of 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 last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of National Grid Transco in the third quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new position in National Grid Transco during the second quarter worth approximately $31,000. Finally, V Square Quantitative Management LLC purchased a new position in National Grid Transco during the second quarter worth approximately $35,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

About National Grid Transco

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.