Brokerages Set National Grid Transco, PLC (NYSE:NGG) PT at $85.50

Shares of National Grid Transco, PLC (NYSE:NGG) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.50.

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded National Grid Transco from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Wall Street Zen lowered shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Sanford C. Bernstein upgraded shares of National Grid Transco to a “strong-buy” rating in a research report on Tuesday, September 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research note on Monday, June 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Friday, July 17th.

Institutional Investors Weigh In On National Grid Transco

Several hedge funds have recently modified their holdings of NGG. Milford Funds Ltd. bought a new position in National Grid Transco in the fourth quarter valued at about $183,208,000. Brandes Investment Partners LP bought a new position in National Grid Transco in the 4th quarter valued at approximately $60,372,000. Ferguson Wellman Capital Management Inc. bought a new position in National Grid Transco in the 1st quarter valued at approximately $21,277,000. Natixis Advisors LLC boosted its position in National Grid Transco by 8.8% during the 4th quarter. Natixis Advisors LLC now owns 2,187,358 shares of the utilities provider’s stock worth $169,192,000 after buying an additional 176,215 shares during the period. Finally, Capital Innovations LLC acquired a new stake in National Grid Transco during the 4th quarter worth approximately $6,526,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Transco Stock Down 1.0%

Shares of NGG stock opened at $76.80 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76. National Grid Transco has a twelve month low of $70.03 and a twelve month high of $94.64. The business has a fifty day simple moving average of $80.00 and a 200 day simple moving average of $83.45.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company that owns and operates electricity and gas networks in the United Kingdom and the northeastern United States. Its activities focus on transporting and distributing energy rather than primarily generating it, making the company a key link between energy producers and residential, commercial and industrial customers.

In the United Kingdom, National Grid operates the high-voltage electricity transmission network in England and Wales and owns electricity distribution networks in several regions.