National Grid Transco (NYSE:NGG) Hits New 12-Month High – What’s Next?

National Grid Transco, PLC (NYSE:NGG) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $80.97 and last traded at $80.8310, with a volume of 792630 shares trading hands. The stock had previously closed at $80.00.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. National Bankshares set a $85.50 price objective on National Grid Transco in a report on Friday, December 12th. Morgan Stanley assumed coverage on shares of National Grid Transco in a research note on Friday, December 12th. They issued an “overweight” rating and a $85.50 target price for the company. BNP Paribas Exane cut shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, National Grid Transco has a consensus rating of “Hold” and an average price target of $83.80.

National Grid Transco Trading Up 1.6%

The business’s fifty day moving average price is $77.29 and its 200-day moving average price is $74.27. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90.

National Grid Transco Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st were issued a $1.0657 dividend. This represents a yield of 284.0%. The ex-dividend date of this dividend was Friday, November 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NGG. Natural Investments LLC boosted its stake 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 boosted its position in shares of National Grid Transco by 1.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 7,535 shares of the utilities provider’s stock valued at $555,000 after acquiring an additional 137 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of National Grid Transco by 14.1% during the 3rd 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. grew its holdings in shares of National Grid Transco by 4.4% during the third quarter. Cozad Asset Management Inc. now owns 3,320 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 140 shares in the last quarter. Finally, Carr Financial Group Corp increased its position in shares of National Grid Transco by 2.6% in the third quarter. Carr Financial Group Corp now owns 5,634 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 141 shares during the last quarter. 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.