National Grid Transco, PLC (NYSE:NGG) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,479,074 shares, an increase of 44.9% from the August 15th total of 1,020,888 shares. Based on an average trading volume of 383,271 shares, the short-interest ratio is currently 3.9 days.

Several analysts have commented on the stock. UBS AG reaffirmed a “sell” rating on shares of National Grid Transco, PLC in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. BidaskClub lowered shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. HSBC Holdings plc lowered shares of National Grid Transco, PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Citigroup Inc. raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. National Grid Transco, PLC presently has a consensus rating of “Hold” and a consensus target price of $70.50.

National Grid Transco, PLC (NYSE NGG) opened at 64.77 on Friday. The stock has a market cap of $44.58 billion, a P/E ratio of 4.45 and a beta of 0.44. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $79.56. The stock has a 50 day moving average of $63.71 and a 200 day moving average of $66.42.

Several large investors have recently modified their holdings of NGG. First Trust Advisors LP lifted its stake in shares of National Grid Transco, PLC by 0.8% in the 1st quarter. First Trust Advisors LP now owns 5,740 shares of the utilities provider’s stock worth $364,000 after purchasing an additional 43 shares during the period. TD Asset Management Inc. lifted its stake in shares of National Grid Transco, PLC by 4.2% in the 1st quarter. TD Asset Management Inc. now owns 23,784 shares of the utilities provider’s stock worth $1,510,000 after purchasing an additional 958 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of National Grid Transco, PLC by 0.7% in the 1st quarter. Eagle Asset Management Inc. now owns 59,393 shares of the utilities provider’s stock worth $3,770,000 after purchasing an additional 390 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of National Grid Transco, PLC by 23.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,646 shares of the utilities provider’s stock worth $1,755,000 after purchasing an additional 5,302 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of National Grid Transco, PLC by 46.3% in the 1st quarter. JPMorgan Chase & Co. now owns 234,161 shares of the utilities provider’s stock worth $14,865,000 after purchasing an additional 74,111 shares during the period. Hedge funds and other institutional investors own 5.38% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Short Interest in National Grid Transco, PLC (NGG) Increases By 44.9%” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/21/short-interest-in-national-grid-transco-plc-ngg-increases-by-44-9.html.

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.

Receive News & Ratings for National Grid Transco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid Transco PLC and related companies with MarketBeat.com's FREE daily email newsletter.