National Grid Transco (NYSE:NGG) Rating Lowered to Underperform at BNP Paribas Exane

National Grid Transco (NYSE:NGG) was downgraded by stock analysts at BNP Paribas Exane from an “outperform” rating to an “underperform” rating in a report issued on Monday, Marketbeat.com reports.

Several other research firms also recently commented on NGG. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. Zacks Research cut National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $80.40.

National Grid Transco Trading Down 2.2%

NGG stock traded down $1.68 during mid-day trading on Monday, hitting $73.52. The company had a trading volume of 1,029,808 shares, compared to its average volume of 808,610. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.35. National Grid Transco has a 12 month low of $55.82 and a 12 month high of $78.49. The stock’s fifty day moving average price is $74.63 and its two-hundred day moving average price is $72.56.

Institutional Trading of National Grid Transco

A number of institutional investors have recently added to or reduced their stakes in NGG. CIBC Private Wealth Group LLC grew its holdings in National Grid Transco by 11.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,144 shares of the utilities provider’s stock valued at $156,000 after buying an additional 224 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of National Grid Transco in the third quarter valued at approximately $565,000. Captrust Financial Advisors grew its stake in National Grid Transco by 3.8% during the third quarter. Captrust Financial Advisors now owns 25,814 shares of the utilities provider’s stock valued at $1,876,000 after acquiring an additional 953 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in National Grid Transco by 6.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,059 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 411 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in National Grid Transco in the 3rd quarter valued at $157,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.