National Grid Transco, PLC (NGG) – What Are Analysts Thinking About This Stock?

Shares of National Grid Transco, PLC (NYSE:NGG) have earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $80.33.

NGG has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued a “neutral” rating on shares of National Grid Transco in a research report on Monday, October 5th. Sanford C. Bernstein restated a “buy” rating on shares of National Grid Transco in a research report on Friday, September 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of National Grid Transco in a research note on Monday, October 5th. UBS Group reiterated a “sell” rating on shares of National Grid Transco in a research report on Monday, August 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, October 15th.

National Grid Transco Stock Down 0.1%

Shares of NGG opened at $83.04 on Monday. The business has a 50-day moving average of $78.70 and a 200-day moving average of $83.35. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.62. National Grid Transco has a 1 year low of $73.37 and a 1 year high of $94.64.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in National Grid Transco by 44.1% during the 1st quarter. First Trust Advisors LP now owns 26,665 shares of the utilities provider’s stock valued at $2,256,000 after acquiring an additional 8,162 shares in the last quarter. William John Sempolinski purchased a new position in National Grid Transco during the 2nd quarter worth $1,138,000. QRG Capital Management Inc. boosted its holdings in National Grid Transco by 7.2% during the 2nd quarter. QRG Capital Management Inc. now owns 109,112 shares of the utilities provider’s stock worth $9,042,000 after acquiring an additional 7,370 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of National Grid Transco by 236.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 64,266 shares of the utilities provider’s stock worth $4,841,000 after acquiring an additional 45,169 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of National Grid Transco by 24.4% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 317,204 shares of the utilities provider’s stock worth $24,050,000 after acquiring an additional 62,127 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

About National Grid Transco

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company that operates regulated electricity and gas networks. Its activities include transmitting electricity, distributing energy to homes and businesses, and transporting gas through pipeline systems.

The company serves customers in the United Kingdom and the northeastern United States. Its infrastructure connects energy producers with local distribution networks and end users, supporting the delivery of electricity and gas across these regions.

National Grid Transco was formed in 2002 through the merger of National Grid Group and Lattice Group, then changed its name to National Grid plc in 2005.