National Grid Transco, PLC (NYSE:NGG) Receives Average Recommendation of “Hold” from Brokerages

National Grid Transco, PLC (NYSE:NGG) has been given an average rating of “Hold” by the eleven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $83.80.

A number of equities research analysts recently weighed in on NGG shares. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, January 22nd. The Goldman Sachs Group reissued a “neutral” rating on shares of National Grid Transco in a report on Monday. National Bank Financial set a $85.50 price objective on National Grid Transco in a research note on Friday, December 12th. Finally, UBS Group restated a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th.

Hedge Funds Weigh In On National Grid Transco

Several large investors have recently bought and sold shares of the stock. Natural Investments LLC grew its position in National Grid Transco by 1.2% during the fourth quarter. Natural Investments LLC now owns 11,617 shares of the utilities provider’s stock valued at $898,000 after buying an additional 133 shares during the period. HBK Sorce Advisory LLC raised its position in National Grid Transco by 1.9% in the third quarter. HBK Sorce Advisory LLC now owns 7,535 shares of the utilities provider’s stock worth $555,000 after acquiring an additional 137 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in National Grid Transco by 14.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,109 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 137 shares during the last quarter. Cozad Asset Management Inc. boosted its stake in National Grid Transco by 4.4% in the third quarter. Cozad Asset Management Inc. now owns 3,320 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 140 shares during the last quarter. Finally, Carr Financial Group Corp grew its position in shares of National Grid Transco by 2.6% during the 3rd quarter. Carr Financial Group Corp now owns 5,634 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 141 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Price Performance

Shares of NYSE NGG opened at $82.40 on Friday. The company has a 50-day moving average price of $87.71 and a 200-day moving average price of $79.64. National Grid Transco has a 1 year low of $62.13 and a 1 year high of $94.64. 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 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.