National Grid Transco's (NGG) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "hold (C)" rating for National Grid Transco (NGG), while Zacks Research downgraded the stock from "strong-buy" to "hold."
• The current market cap of National Grid Transco is approximately $76.33 billion, with an average price target of $80.40 and a stock price opening at $76.93.
• Institutional investors and hedge funds collectively own 4.68% of National Grid Transco's stock, with significant acquisitions noted from various funds in recent quarters.

National Grid Transco (NYSE:NGG - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Separately, Zacks Research lowered shares of National Grid Transco from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.40.

National Grid Transco Trading Up 0.3%

NGG stock opened at $76.93 on Friday. The stock has a market cap of $76.33 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.76 and a beta of 0.70. The business's 50-day moving average is $72.25 and its 200 day moving average is $71.78. National Grid Transco has a 12-month low of $55.82 and a 12-month high of $77.27. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

Hedge Funds Weigh In On National Grid Transco

Several large investors have recently bought and sold shares of NGG. Trust Co. of Toledo NA OH acquired a new stake in shares of National Grid Transco during the second quarter worth about $31,000. Golden State Wealth Management LLC purchased a new position in National Grid Transco in the first quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in shares of National Grid Transco during the 2nd quarter worth approximately $35,000. Salomon & Ludwin LLC increased its stake in shares of National Grid Transco by 4,218.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider's stock worth $35,000 after purchasing an additional 464 shares in the last quarter. Finally, Huntington National Bank grew its stake in National Grid Transco by 41.1% in the 2nd quarter. Huntington National Bank now owns 501 shares of the utilities provider's stock worth $37,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 4.68% of the company's stock.

About National Grid Transco

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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