National Grid Transco, PLC (NYSE:NGG) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• National Grid Transco, PLC has received a consensus recommendation of "Moderate Buy" from ten analysts, with an average one-year price target of $80.40.
• The company's shares opened at $76.92 and have seen a 12-month price range between $55.82 and $77.25.
• Institutional investors currently own 4.68% of National Grid Transco's stock, with notable recent investments including a 97.3% increase from Allspring Global Investments Holdings LLC.

National Grid Transco, PLC (NYSE:NGG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $80.40.

NGG has been the subject of several recent analyst reports. Zacks Research lowered National Grid Transco from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of National Grid Transco in a research note on Wednesday, October 8th.

National Grid Transco Stock Up 0.7%

Shares of NYSE NGG opened at $76.92 on Thursday. National Grid Transco has a 12 month low of $55.82 and a 12 month high of $77.25. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $76.32 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.73 and a beta of 0.70. The business has a 50-day moving average of $72.03 and a 200-day moving average of $71.53.

Institutional Trading of National Grid Transco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in National Grid Transco in the first quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of National Grid Transco by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the utilities provider's stock valued at $907,000 after acquiring an additional 500 shares in the last quarter. Integrity Alliance LLC. bought a new position in shares of National Grid Transco during the first quarter valued at approximately $308,000. Allspring Global Investments Holdings LLC raised its holdings in shares of National Grid Transco by 97.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,481 shares of the utilities provider's stock valued at $624,000 after acquiring an additional 4,675 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of National Grid Transco by 52.4% during the first quarter. GAMMA Investing LLC now owns 1,873 shares of the utilities provider's stock valued at $123,000 after acquiring an additional 644 shares in the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Transco Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.

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