National Grid Transco (NYSE:NGG) Hits New 1-Year High – Still a Buy?

Shares of National Grid Transco, PLC (NYSE:NGG) hit a new 52-week high during trading on Friday . The company traded as high as $80.37 and last traded at $80.12, with a volume of 132435 shares. The stock had previously closed at $79.36.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Wednesday, October 8th. National Bankshares set a $85.50 price target on shares of National Grid Transco in a research report on Friday, December 12th. BNP Paribas Exane lowered shares of National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. Morgan Stanley started coverage on National Grid Transco in a research report on Friday, December 12th. They set an “overweight” rating and a $85.50 price objective on the stock. Finally, BNP Paribas cut National Grid Transco from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, National Grid Transco has an average rating of “Hold” and a consensus target price of $83.80.

National Grid Transco Stock Up 1.5%

The company’s 50-day moving average is $76.92 and its two-hundred day moving average is $73.92. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14.

National Grid Transco Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, November 21st were paid a $1.0657 dividend. The ex-dividend date was Friday, November 21st. This represents a dividend yield of 284.0%.

Institutional Investors Weigh In On National Grid Transco

Large investors have recently bought and sold shares of the business. Johnson Financial Group Inc. purchased a new position in shares of National Grid Transco during the third quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in National Grid Transco during the 3rd quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new position in shares of National Grid Transco during the 2nd quarter valued at $31,000. V Square Quantitative Management LLC bought a new position in shares of National Grid Transco during the 2nd quarter valued at $35,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of National Grid Transco by 4,218.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock worth $35,000 after buying an additional 464 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

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.