National Grid Transco, PLC (NYSE:NGG) Sees Large Drop in Short Interest

Posted by Geri Gentry on Jul 31st, 2026

National Grid Transco, PLC (NYSE:NGG – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 792,811 shares, a drop of 47.7% from the June 30th total of 1,516,917 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 864,534 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On National Grid Transco

Several hedge funds and other institutional investors have recently bought and sold shares of NGG. Root Financial Partners LLC boosted its stake in shares of National Grid Transco by 88.2% during the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in National Grid Transco in the third quarter valued at $25,000. Cullen Frost Bankers Inc. raised its holdings in National Grid Transco by 88.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 162 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in National Grid Transco during the 3rd quarter valued at $28,000. Finally, Hilton Head Capital Partners LLC bought a new position in National Grid Transco during the 4th quarter valued at $34,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Transco Stock Down 0.5%

NYSE:NGG traded down $0.40 during mid-day trading on Friday, hitting $79.99. The company had a trading volume of 802,886 shares, compared to its average volume of 1,150,310. The business has a fifty day simple moving average of $82.16 and a 200-day simple moving average of $85.26. National Grid Transco has a 1 year low of $67.51 and a 1 year high of $94.64. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.09.

National Grid Transco Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th were issued a $2.1738 dividend. The ex-dividend date was Friday, May 29th. This represents a yield of 533.0%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid Transco in a research note on Friday, May 29th. Wall Street Zen upgraded National Grid Transco from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research report on Monday, June 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $85.50.

Get Our Latest Stock Analysis on National Grid Transco

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.