National Grid Transco (NYSE:NGG) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Technical breakout: National Grid Transco passed above its 200‑day moving average, trading as high as $90.51 and last at $89.81 versus a 200‑day MA of $77.90 (50‑day MA $85.13).
• Analyst outlook is mixed but positive overall: MarketBeat shows a consensus "Moderate Buy" with an average price target of $83.80, following recent upgrades (Zacks) and downgrades (BNP Paribas) and several buy/hold ratings.
• Institutional buying: major funds including Bank of America, Royal Bank of Canada, Federated Hermes, Milford Funds and Morgan Stanley increased or established stakes recently, with institutional ownership reported at 4.68%.

National Grid Transco, PLC (NYSE:NGG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $77.90 and traded as high as $90.51. National Grid Transco shares last traded at $89.81, with a volume of 1,340,550 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on NGG. Citigroup reissued a "neutral" rating on shares of National Grid Transco in a research note on Monday, January 26th. Zacks Research raised National Grid Transco from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. BNP Paribas Exane cut National Grid Transco from an "outperform" rating to an "underperform" rating in a research note on Monday, November 24th. National Bank Financial set a $85.50 target price on National Grid Transco in a report on Friday, December 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of National Grid Transco in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, National Grid Transco presently has a consensus rating of "Moderate Buy" and an average price target of $83.80.

National Grid Transco Price Performance

The business's 50 day moving average is $85.13 and its 200 day moving average is $77.90. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97.

Institutional Investors Weigh In On National Grid Transco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in National Grid Transco by 3.4% in the third quarter. Bank of America Corp DE now owns 4,751,505 shares of the utilities provider's stock valued at $345,292,000 after purchasing an additional 155,118 shares in the last quarter. Federated Hermes Inc. raised its holdings in National Grid Transco by 2.1% during the second quarter. Federated Hermes Inc. now owns 3,200,004 shares of the utilities provider's stock worth $238,112,000 after purchasing an additional 66,456 shares in the last quarter. Milford Funds Ltd. purchased a new stake in shares of National Grid Transco during the 4th quarter worth approximately $183,208,000. Royal Bank of Canada boosted its holdings in shares of National Grid Transco by 8.3% in the 4th quarter. Royal Bank of Canada now owns 2,313,445 shares of the utilities provider's stock valued at $178,945,000 after buying an additional 176,840 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of National Grid Transco by 1.4% in the 4th quarter. Morgan Stanley now owns 2,199,519 shares of the utilities provider's stock valued at $170,133,000 after buying an additional 29,832 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

About National Grid Transco

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.

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