National Grid Transco, PLC (NYSE:NGG) Receives $83.80 Consensus PT from Analysts

National Grid Transco, PLC (NYSE:NGG) has earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $83.80.

A number of research analysts recently weighed in on NGG shares. BNP Paribas Exane lowered National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. BNP Paribas cut shares of National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, November 24th. Morgan Stanley began coverage on shares of National Grid Transco in a report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Wednesday, October 8th. Finally, National Bankshares set a $85.50 target price on shares of National Grid Transco in a report on Friday, December 12th.

Institutional Trading of National Grid Transco

Hedge funds have recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC increased its position in National Grid Transco by 1.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 7,535 shares of the utilities provider’s stock worth $555,000 after buying an additional 137 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of National Grid Transco by 14.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,109 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 137 shares in the last quarter. Cozad Asset Management Inc. increased its position in 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 during the period. Carr Financial Group Corp raised its stake in National Grid Transco by 2.6% in the 3rd quarter. Carr Financial Group Corp now owns 5,634 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 141 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in National Grid Transco by 41.1% in the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 146 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Transco Stock Performance

Shares of NYSE NGG opened at $80.11 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. The business’s 50 day moving average price is $76.63 and its two-hundred day moving average price is $73.77. National Grid Transco has a twelve month low of $55.82 and a twelve month high of $80.33.

National Grid Transco Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 13th. Stockholders of record on Friday, November 21st will be given a $1.0657 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a dividend yield of 284.0%.

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.