ValuEngine upgraded shares of National Grid Transco (NYSE:NGG) from a hold rating to a buy rating in a report released on Friday morning.

NGG has been the subject of several other reports. J P Morgan Chase & Co reissued a buy rating on shares of National Grid Transco in a research note on Wednesday, November 15th. Zacks Investment Research raised National Grid Transco from a strong sell rating to a hold rating in a research note on Tuesday, November 7th. Finally, Credit Suisse Group raised National Grid Transco from an underperform rating to a neutral rating in a research note on Monday, November 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $69.00.

Shares of National Grid Transco (NYSE NGG) traded down $0.09 on Friday, reaching $59.95. The company’s stock had a trading volume of 641,000 shares, compared to its average volume of 515,378. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.32. National Grid Transco has a 52-week low of $58.42 and a 52-week high of $75.24.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, November 24th will be paid a $1.0169 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a yield of 3.44%.

Large investors have recently bought and sold shares of the business. Comerica Securities Inc. raised its holdings in National Grid Transco by 0.5% during the second quarter. Comerica Securities Inc. now owns 8,134 shares of the utilities provider’s stock worth $511,000 after acquiring an additional 37 shares in the last quarter. Ballentine Partners LLC raised its holdings in National Grid Transco by 1.4% during the second quarter. Ballentine Partners LLC now owns 4,480 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 60 shares in the last quarter. State Street Corp raised its holdings in National Grid Transco by 2.7% during the second quarter. State Street Corp now owns 7,910 shares of the utilities provider’s stock worth $497,000 after acquiring an additional 206 shares in the last quarter. HighVista Strategies LLC raised its holdings in National Grid Transco by 1.2% during the second quarter. HighVista Strategies LLC now owns 27,043 shares of the utilities provider’s stock worth $1,699,000 after acquiring an additional 320 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in National Grid Transco by 30.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 589 shares in the last quarter. 5.60% of the stock is owned by hedge funds and other institutional investors.

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About National Grid Transco

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for National Grid Transco (NYSE:NGG)

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