National Grid Transco, PLC (NYSE:NGG) Stock Has Consensus Price Target of $80.33 According to Analysts

Shares of National Grid Transco, PLC (NYSE:NGG) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $80.33.

NGG has been the subject of several research reports. Jefferies Financial Group restated a “neutral” rating on shares of National Grid Transco in a research report on Monday, October 5th. Sanford C. Bernstein reiterated a “buy” rating on shares of National Grid Transco in a report on Friday, September 25th. UBS Group reissued a “sell” rating on shares of National Grid Transco in a research report on Monday, August 3rd. Berenberg Bank reissued a “neutral” rating on shares of National Grid Transco in a report on Friday, July 10th. Finally, Wall Street Zen cut National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd.

Institutional Trading of National Grid Transco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC purchased a new stake in shares of National Grid Transco during the third quarter worth about $32,000. James T. Borello RIA raised its position in shares of National Grid Transco by 50.3% in the third quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock valued at $33,000 after buying an additional 145 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of National Grid Transco in the third quarter valued at approximately $34,000. First Horizon Corp lifted its stake in shares of National Grid Transco by 235.0% during the first quarter. First Horizon Corp now owns 459 shares of the utilities provider’s stock valued at $39,000 after buying an additional 322 shares during the period. Finally, Heritage Family Offices LLP purchased a new position in shares of National Grid Transco during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Up 2.8%

Shares of NYSE NGG opened at $85.18 on Monday. National Grid Transco has a 12-month low of $73.37 and a 12-month high of $94.64. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average is $78.52 and its two-hundred day moving average is $83.31.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.