National Grid Transco, PLC (NYSE:NGG) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• National Grid Transco has a consensus “Hold” rating from 11 analysts: seven rate it a hold, two a sell, one a buy, and one a strong buy. The average 12-month price target is $85.50.
• NGG shares opened at $76.11, near the lower end of their 52-week range of $73.24 to $94.64. The stock’s 50-day and 200-day moving averages are $78.31 and $82.10, respectively.
• Institutional investors own 4.68% of the company, with several hedge funds recently initiating or increasing positions. National Grid operates electricity and natural-gas infrastructure in the UK and the northeastern United States.

Shares of National Grid Transco, PLC (NYSE:NGG - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $85.50.

A number of equities research analysts have commented on NGG shares. Weiss Ratings reissued a "hold (c)" rating on shares of National Grid Transco in a research report on Friday, July 17th. Wall Street Zen cut shares of National Grid Transco from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, Sanford C. Bernstein upgraded shares of National Grid Transco to a "strong-buy" rating in a research note on Tuesday, September 15th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Hilton Head Capital Partners LLC purchased a new stake in National Grid Transco during the fourth quarter worth approximately $34,000. First Horizon Corp increased its stake in National Grid Transco by 235.0% in the first quarter. First Horizon Corp now owns 459 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 322 shares during the last quarter. SHP Wealth Management purchased a new position in National Grid Transco in the fourth quarter valued at approximately $40,000. Avion Wealth acquired a new stake in National Grid Transco during the first quarter worth approximately $62,000. Finally, Western Wealth Management LLC acquired a new stake in National Grid Transco during the first quarter worth approximately $63,000. Hedge funds and other institutional investors own 4.68% of the company's stock.

National Grid Transco Stock Performance

Shares of NYSE:NGG opened at $76.11 on Thursday. National Grid Transco has a fifty-two week low of $73.24 and a fifty-two week high of $94.64. The firm's 50 day moving average price is $78.31 and its 200 day moving average price is $82.10. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09.

About National Grid Transco

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. The company owns and operates electricity and natural gas networks that deliver energy to homes, businesses and other customers in the United Kingdom and the northeastern United States.

In the UK, National Grid operates the electricity transmission network in England and Wales and the country's high-pressure gas transmission system. It also develops and operates energy interconnectors and infrastructure that support the connection of renewable generation and the broader transition to a lower-carbon energy system.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.