National Grid Transco (NYSE:NGG) Receives Neutral Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of National Grid Transco (NYSE:NGG) in a report published on Monday morning, Marketbeat reports.

A number of other equities analysts have also commented on the company. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. UBS Group reaffirmed a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a report on Monday, January 26th. Finally, National Bank Financial set a $85.50 price objective on shares of National Grid Transco in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.80.

National Grid Transco Price Performance

NYSE NGG opened at $82.05 on Monday. National Grid Transco has a one year low of $62.13 and a one year high of $94.64. The stock’s 50 day simple moving average is $87.46 and its 200 day simple moving average is $79.51. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Root Financial Partners LLC lifted its holdings in National Grid Transco by 88.2% in the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Johnson Financial Group Inc. bought a new position in National Grid Transco in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. grew its holdings in National Grid Transco by 88.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 162 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of National Grid Transco during the 3rd quarter valued at $28,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of National Grid Transco during the 4th quarter valued at $34,000. 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.