National Grid Transco (NYSE:NGG) Stock Price Breaks Above 200 Day Moving Average – Should You Sell?

National Grid Transco, PLC (NYSE:NGG)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $83.21 and traded as high as $84.30. National Grid Transco shares last traded at $84.1020, with a volume of 881,969 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NGG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, October 15th. Jefferies Financial Group reiterated a “neutral” rating on shares of National Grid Transco in a report on Monday, October 5th. Sanford C. Bernstein reissued a “buy” rating on shares of National Grid Transco in a research report on Friday, September 25th. Wall Street Zen cut shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, UBS Group restated a “sell” rating on shares of National Grid Transco in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, National Grid Transco has an average rating of “Hold” and a consensus target price of $80.33.

National Grid Transco Trading Up 2.3%

The company has a 50-day moving average of $78.23 and a 200-day moving average of $83.21. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.

Institutional Trading of National Grid Transco

Several large investors have recently added to or reduced their stakes in the company. James T. Borello RIA raised its stake in shares of National Grid Transco by 50.3% during the 3rd quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock valued at $33,000 after buying an additional 145 shares during the last quarter. First Horizon Corp boosted its stake in shares of National Grid Transco by 235.0% in the first quarter. First Horizon Corp now owns 459 shares of the utilities provider’s stock worth $39,000 after buying an additional 322 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of National Grid Transco in the third quarter worth about $41,000. Signature Equity Partners LLC grew its holdings in National Grid Transco by 80.1% during the third quarter. Signature Equity Partners LLC now owns 598 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 266 shares during the period. Finally, Avion Wealth acquired a new stake in National Grid Transco during the first quarter worth about $62,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.