National Grid Transco, PLC (NYSE:NGG) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on National Grid Transco from 10 firms (2 sell, 5 hold, 3 buy) with an average 1‑year target price of $83.80.
• NGG opened at $81.95, trading below its 50‑day moving average ($87.41) but above its 200‑day moving average ($79.34), and sits within a 1‑year range of $62.13–$94.64.
• The company shows modest liquidity (current ratio 0.97, quick ratio 0.90) and a debt‑to‑equity of 1.14, with institutional investors owning only about 4.68% of the stock despite several small recent purchases by hedge funds and other managers.

Shares of National Grid Transco, PLC (NYSE:NGG - Get Free Report) have been given an average recommendation of "Hold" by the ten research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three 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 $83.80.

Several research firms have recently commented on NGG. BNP Paribas Exane cut shares of National Grid Transco from an "outperform" rating to an "underperform" rating in a research note on Monday, November 24th. UBS Group reiterated a "sell" rating on shares of National Grid Transco in a research note on Monday, March 16th. Citigroup restated a "neutral" rating on shares of National Grid Transco in a research report on Monday, January 26th. Zacks Research lowered National Grid Transco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of National Grid Transco in a research report on Wednesday.

National Grid Transco Price Performance

NYSE:NGG opened at $81.95 on Friday. The firm's fifty day moving average price is $87.41 and its 200 day moving average price is $79.34. National Grid Transco has a 1-year low of $62.13 and a 1-year high of $94.64. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14.

Institutional Investors Weigh In On National Grid Transco

A number of hedge funds and other institutional investors have recently bought and sold shares of NGG. Root Financial Partners LLC raised its position in shares of National Grid Transco by 88.2% during the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider's stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in National Grid Transco during the third quarter worth $25,000. Cullen Frost Bankers Inc. raised its holdings in shares of National Grid Transco by 88.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider's stock worth $27,000 after acquiring an additional 162 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of National Grid Transco in the third quarter worth $28,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of National Grid Transco in the fourth quarter valued at $34,000. Institutional investors and hedge funds 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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