National Grid Transco, PLC (NYSE:NGG) Receives Average Rating of “Reduce” from Analysts

Shares of National Grid Transco, PLC (NYSE:NGGGet Free Report) have earned a consensus recommendation of “Reduce” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $85.50.

NGG has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Friday, July 17th. Wall Street Zen lowered shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th.

Check Out Our Latest Analysis on NGG

Institutional Trading of National Grid Transco

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in shares of National Grid Transco by 13.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,075 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 129 shares during the last quarter. Root Financial Partners LLC increased its position in National Grid Transco by 88.2% during the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after buying an additional 149 shares during the last quarter. IFP Advisors Inc increased its position in National Grid Transco by 28.1% during the third quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock worth $50,000 after buying an additional 152 shares during the last quarter. Optas LLC raised its holdings in National Grid Transco by 1.9% during the fourth quarter. Optas LLC now owns 8,739 shares of the utilities provider’s stock valued at $676,000 after buying an additional 160 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in National Grid Transco by 88.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after buying an additional 162 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Transco Price Performance

NGG stock opened at $82.23 on Wednesday. The stock’s 50 day moving average is $81.68 and its two-hundred day moving average is $85.27. National Grid Transco has a 52-week low of $67.51 and a 52-week high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.

About National Grid Transco

(Get Free Report)

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.

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Analyst Recommendations for National Grid Transco (NYSE:NGG)

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