National Grid Transco, PLC (NGG) Receives Average Rating of “Hold” from Brokerages

Shares of National Grid Transco, PLC (NYSE:NGG) have been given an average rating of “Hold” by the seventeen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $69.00.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of National Grid Transco from a “sell” rating to a “hold” rating in a research note on Thursday. Macquarie raised shares of National Grid Transco from a “neutral” rating to an “outperform” rating in a research report on Tuesday, December 19th. Deutsche Bank raised shares of National Grid Transco from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine raised shares of National Grid Transco from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Credit Suisse Group raised shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a research report on Monday, November 27th.

A number of hedge funds have recently added to or reduced their stakes in the business. Comerica Securities Inc. boosted its stake in shares of National Grid Transco by 0.5% in the 2nd quarter. Comerica Securities Inc. now owns 8,134 shares of the utilities provider’s stock valued at $511,000 after purchasing an additional 37 shares in the last quarter. State Street Corp boosted its stake in shares of National Grid Transco by 2.7% in the 2nd quarter. State Street Corp now owns 7,910 shares of the utilities provider’s stock valued at $497,000 after purchasing an additional 206 shares in the last quarter. HighVista Strategies LLC boosted its stake in shares of National Grid Transco by 1.2% in the 2nd quarter. HighVista Strategies LLC now owns 27,043 shares of the utilities provider’s stock valued at $1,699,000 after purchasing an additional 320 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of National Grid Transco by 30.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 589 shares in the last quarter. Finally, First Bank & Trust boosted its stake in shares of National Grid Transco by 2.9% in the 3rd quarter. First Bank & Trust now owns 29,600 shares of the utilities provider’s stock valued at $1,856,000 after purchasing an additional 830 shares in the last quarter. 5.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National Grid Transco (NYSE:NGG) opened at $58.10 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77. The stock has a market cap of $39,270.00, a PE ratio of 18.04, a PEG ratio of 4.07 and a beta of 0.44. National Grid Transco has a 12 month low of $57.55 and a 12 month high of $75.24.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, November 24th will be issued a $1.0169 dividend. This represents a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 22nd. National Grid Transco’s dividend payout ratio is currently 58.07%.

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About National Grid Transco

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Analyst Recommendations for National Grid Transco (NYSE:NGG)

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