National Grid Transco (NYSE:NGG) Upgraded at Zacks Research

Zacks Research upgraded shares of National Grid Transco (NYSE:NGG) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a research report on Thursday, February 5th. National Bank Financial set a $85.50 price objective on National Grid Transco in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, January 22nd. BNP Paribas Exane cut shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday, November 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.80.

National Grid Transco Stock Performance

Shares of NYSE NGG opened at $90.55 on Monday. 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 has a 1 year low of $59.35 and a 1 year high of $90.89. The firm’s 50 day moving average price is $80.05 and its 200 day moving average price is $75.64.

Hedge Funds Weigh In On National Grid Transco

Institutional investors have recently modified their holdings of the company. Natural Investments LLC raised its stake in shares of 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 purchasing an additional 133 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of National Grid Transco by 1.9% during the third quarter. HBK Sorce Advisory LLC now owns 7,535 shares of the utilities provider’s stock valued at $555,000 after buying an additional 137 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in National Grid Transco by 14.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,109 shares of the utilities provider’s stock valued at $81,000 after buying an additional 137 shares during the period. Cozad Asset Management Inc. raised 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 acquiring an additional 140 shares in the last quarter. Finally, Carr Financial Group Corp raised its position in National Grid Transco by 2.6% during the third 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 in the last quarter. Institutional investors 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.