National Grid Transco (NYSE:NGG) Share Price Passes Above 200 Day Moving Average – What’s Next?

National Grid Transco, PLC (NYSE:NGG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $77.90 and traded as high as $90.51. National Grid Transco shares last traded at $89.81, with a volume of 1,340,550 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on NGG. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, January 22nd. National Bank Financial set a $85.50 price target on shares of National Grid Transco in a research note on Friday, December 12th. Zacks Research raised shares of National Grid Transco from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. BNP Paribas Exane downgraded shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday, November 24th. Finally, Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.80.

National Grid Transco Stock Performance

The firm has a 50-day simple moving average of $85.37 and a 200-day simple moving average of $78.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90.

Hedge Funds Weigh In On National Grid Transco

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC raised its position in National Grid Transco by 88.2% in the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 149 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of National Grid Transco during the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. increased its stake in shares of National Grid Transco by 88.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 162 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of National Grid Transco in the 3rd quarter worth $28,000. Finally, Hilton Head Capital Partners LLC bought a new position in National Grid Transco in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Company Profile

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.