National Grid Transco, PLC (NYSE:NGG) Receives Consensus Rating of “Moderate Buy” from Analysts

National Grid Transco, PLC (NYSE:NGG) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $83.80.

A number of equities analysts have issued reports on NGG shares. Morgan Stanley restated an “overweight” rating on shares of National Grid Transco in a report on Thursday, February 5th. Zacks Research upgraded shares of National Grid Transco from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research note 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd.

National Grid Transco Price Performance

Shares of National Grid Transco stock opened at $92.40 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14. National Grid Transco has a 12 month low of $59.35 and a 12 month high of $93.22. The business has a fifty day simple moving average of $82.97 and a 200 day simple moving average of $76.95.

Institutional Trading of National Grid Transco

Hedge funds have recently added to or reduced their stakes in the business. SG Trading Solutions LLC acquired a new position in National Grid Transco in the fourth quarter valued at about $999,000. Compound Planning Inc. lifted its holdings in shares of National Grid Transco by 15.2% during the 4th quarter. Compound Planning Inc. now owns 14,514 shares of the utilities provider’s stock valued at $1,123,000 after purchasing an additional 1,912 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of National Grid Transco by 20.9% during the 4th quarter. Invesco Ltd. now owns 436,622 shares of the utilities provider’s stock valued at $33,773,000 after purchasing an additional 75,361 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of National Grid Transco by 153.0% in the 4th quarter. Corient Private Wealth LLC now owns 214,915 shares of the utilities provider’s stock valued at $16,624,000 after purchasing an additional 129,966 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in National Grid Transco by 1.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 44,090 shares of the utilities provider’s stock worth $3,410,000 after purchasing an additional 595 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

About National Grid Transco

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.