National Grid Transco, PLC (NGG) – What Are Investment Firms Saying About This Stock?

Shares of National Grid Transco, PLC (NYSE:NGG) have been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $80.33.

Several brokerages have weighed in on NGG. Sanford C. Bernstein restated a “buy” rating on shares of National Grid Transco in a research note on Friday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Friday, July 17th. Berenberg Bank reaffirmed a “neutral” rating on shares of National Grid Transco in a research report on Friday, July 10th. Wall Street Zen lowered National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of National Grid Transco in a research report on Monday, October 5th.

Institutional Investors Weigh In On National Grid Transco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NGG. First Trust Advisors LP grew its position in shares of National Grid Transco by 44.1% during the first quarter. First Trust Advisors LP now owns 26,665 shares of the utilities provider’s stock worth $2,256,000 after buying an additional 8,162 shares in the last quarter. William John Sempolinski purchased a new stake in shares of National Grid Transco during the second quarter worth approximately $1,138,000. Miller Howard Investments Inc. NY increased its stake in shares of National Grid Transco by 23.5% during the first quarter. Miller Howard Investments Inc. NY now owns 120,490 shares of the utilities provider’s stock worth $10,193,000 after buying an additional 22,898 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in National Grid Transco by 24.4% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 317,204 shares of the utilities provider’s stock valued at $24,050,000 after acquiring an additional 62,127 shares in the last quarter. Finally, Brandes Investment Partners LP acquired a new stake in National Grid Transco in the fourth quarter valued at approximately $60,372,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Price Performance

Shares of NGG stock opened at $77.11 on Thursday. The stock has a 50 day moving average price of $78.12 and a 200 day moving average price of $81.99. National Grid Transco has a 52-week low of $73.28 and a 52-week high of $94.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71.

About National Grid Transco

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. The company owns and operates electricity and natural gas networks that deliver energy to homes, businesses and other customers in the United Kingdom and the northeastern United States.

In the UK, National Grid operates the electricity transmission network in England and Wales and the country’s high-pressure gas transmission system. It also develops and operates energy interconnectors and infrastructure that support the connection of renewable generation and the broader transition to a lower-carbon energy system.