National Grid Transco, PLC (NYSE:NGG) Receives $82.95 Average Price Target from Analysts

National Grid Transco, PLC (NYSE:NGG) has earned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $83.80.

Several equities analysts recently issued reports on NGG shares. Zacks Research cut 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 Bankshares set a $85.50 price target on shares of National Grid Transco in a research report on Friday, December 12th. Morgan Stanley assumed coverage on shares of National Grid Transco in a report on Friday, December 12th. They issued an “overweight” rating and a $85.50 price objective on the stock. Finally, 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. bought a new position in shares of National Grid Transco in the 3rd quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new position in National Grid Transco during the third quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new position in National Grid Transco in the second quarter valued at approximately $31,000. V Square Quantitative Management LLC acquired a new position in shares of National Grid Transco during the 2nd quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC increased its position 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 during the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Trading Down 0.3%

Shares of NYSE:NGG opened at $75.79 on Friday. National Grid Transco has a 52 week low of $55.82 and a 52 week high of $78.49. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97. The company’s fifty day moving average is $75.82 and its 200-day moving average is $73.00.

National Grid Transco Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st will be issued a dividend of $1.0657 per share. The ex-dividend date is Friday, November 21st. This represents a yield of 284.0%.

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.