National Grid Transco, PLC (NYSE:NGG) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts give National Grid Transco a consensus rating of "Hold" (11 firms: 2 sell, 6 hold, 3 buy) with an average 1‑year price target of $83.80.
• NGG opened at $87.86, trading within a 52‑week range of $67.08–$94.64, with a 50‑day moving average of $88.89 and a 200‑day moving average of $81.32.
• Institutional activity is notable: firms such as JPMorgan, Causeway and Osaic have increased stakes and Factory Mutual purchased a new ~$4.43M position, while hedge funds and other institutional investors own 4.68% of the stock.

Shares of National Grid Transco, PLC (NYSE:NGG - Get Free Report) have received a consensus rating of "Hold" from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $83.80.

NGG has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of National Grid Transco in a report on Monday, March 23rd. Zacks Research cut shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. UBS Group reissued a "sell" rating on shares of National Grid Transco in a research report on Monday, March 16th. Morgan Stanley reissued an "overweight" rating on shares of National Grid Transco in a research report on Wednesday. Finally, Citigroup reissued a "neutral" rating on shares of National Grid Transco in a research report on Monday, January 26th.

National Grid Transco Stock Performance

NGG stock opened at $87.86 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 1.14. National Grid Transco has a 52 week low of $67.08 and a 52 week high of $94.64. The firm's fifty day moving average is $88.89 and its 200 day moving average is $81.32.

Institutional Investors Weigh In On National Grid Transco

Institutional investors have recently added to or reduced their stakes in the company. Factory Mutual Insurance Co. purchased a new stake in shares of National Grid Transco in the 3rd quarter worth about $4,430,000. JPMorgan Chase & Co. increased its stake in shares of National Grid Transco by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,089,650 shares of the utilities provider's stock worth $151,855,000 after acquiring an additional 48,048 shares in the last quarter. First Pacific Financial increased its stake in National Grid Transco by 194,350.0% during the 4th quarter. First Pacific Financial now owns 11,667 shares of the utilities provider's stock valued at $902,000 after purchasing an additional 11,661 shares in the last quarter. Causeway Capital Management LLC increased its stake in National Grid Transco by 112.4% during the 3rd quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider's stock valued at $48,772,000 after purchasing an additional 355,149 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in National Grid Transco by 189.2% during the 2nd quarter. Osaic Holdings Inc. now owns 111,083 shares of the utilities provider's stock valued at $7,604,000 after purchasing an additional 72,673 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company's stock.

National Grid Transco Company Profile

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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