National Grid Transco, PLC (NYSE:NGG) Receives $83.80 Average PT from Brokerages

National Grid Transco, PLC (NYSE:NGG) has received a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $83.80.

NGG has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, January 22nd. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Monday, January 26th. BNP Paribas Exane downgraded shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research note on Monday, November 24th. National Bankshares set a $85.50 price target on shares of National Grid Transco in a research report on Friday, December 12th. Finally, Morgan Stanley began coverage on National Grid Transco in a report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective on the stock.

National Grid Transco Stock Performance

NYSE NGG opened at $84.57 on Friday. The stock’s 50-day simple moving average is $78.29 and its two-hundred day simple moving average is $74.90. National Grid Transco has a twelve month low of $59.35 and a twelve month high of $85.73. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97.

National Grid Transco Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NGG. Johnson Financial Group Inc. purchased a new stake in National Grid Transco during the 3rd quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of National Grid Transco during the third quarter worth about $28,000. Trust Co. of Toledo NA OH purchased a new stake in shares of National Grid Transco during the second quarter worth about $31,000. V Square Quantitative Management LLC bought a new stake in shares of National Grid Transco in the second quarter worth about $35,000. Finally, Salomon & Ludwin LLC increased its holdings in National Grid Transco by 4,218.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 464 shares during the period. 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.