Analysts Set National Grid Transco, PLC (NYSE:NGG) PT at $83.80

Shares of National Grid Transco, PLC (NYSE:NGG) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $83.80.

A number of equities research analysts have recently commented on NGG shares. Jefferies Financial Group reissued a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research note on Wednesday. UBS Group reissued a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Finally, Zacks Research cut National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th.

National Grid Transco Stock Performance

Shares of NGG stock opened at $86.94 on Thursday. The firm’s 50-day simple moving average is $88.88 and its two-hundred day simple moving average is $81.53. 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 52 week low of $67.08 and a 52 week high of $94.64.

Institutional Investors Weigh In On National Grid Transco

A number of institutional investors have recently modified their holdings of the stock. Cidel Asset Management Inc. grew its stake in shares of National Grid Transco by 5.0% in the first quarter. Cidel Asset Management Inc. now owns 74,718 shares of the utilities provider’s stock worth $6,321,000 after acquiring an additional 3,561 shares during the last quarter. Anchyra Partners LLC grew its stake in shares of National Grid Transco by 8.3% in the first quarter. Anchyra Partners LLC now owns 2,984 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 229 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of National Grid Transco by 67.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 16,166 shares of the utilities provider’s stock worth $1,251,000 after acquiring an additional 6,486 shares during the last quarter. World Investment Advisors lifted its holdings in shares of National Grid Transco by 7.7% during the fourth quarter. World Investment Advisors now owns 9,952 shares of the utilities provider’s stock valued at $770,000 after purchasing an additional 708 shares in the last quarter. Finally, Bayban bought a new position in shares of National Grid Transco during the fourth quarter valued at $137,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

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.