National Grid Transco (NYSE:NGG) Receives Neutral Rating from The Goldman Sachs Group

National Grid Transco (NYSE:NGG)‘s stock had its “neutral” rating reaffirmed by research analysts at The Goldman Sachs Group in a research note issued on Monday.

A number of other brokerages have also commented on NGG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, January 22nd. UBS Group reissued a “sell” rating on shares of National Grid Transco in a research report on Monday, March 16th. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a research note on Thursday, February 5th. Jefferies Financial Group reaffirmed a “hold” rating on shares of National Grid Transco in a report on Wednesday, March 18th. Finally, Citigroup reissued a “neutral” rating on shares of National Grid Transco in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.80.

National Grid Transco Stock Down 4.2%

NYSE:NGG opened at $81.95 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. National Grid Transco has a one year low of $62.13 and a one year high of $94.64. The company has a fifty day moving average price of $87.41 and a 200 day moving average price of $79.41.

Institutional Investors Weigh In On National Grid Transco

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC lifted its position in shares of National Grid Transco by 88.2% during the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after buying an additional 149 shares during the period. Johnson Financial Group Inc. acquired a new position in National Grid Transco during the third quarter worth $25,000. Cullen Frost Bankers Inc. lifted its holdings in shares of National Grid Transco by 88.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 162 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of National Grid Transco in the 3rd quarter valued at $28,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of National Grid Transco in the 4th quarter worth about $34,000. 4.68% of the stock is 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.