National Grid Transco’s (NGG) Sell Rating Reiterated at UBS Group

National Grid Transco (NYSE:NGG)‘s stock had its “sell” rating restated by equities researchers at UBS Group in a research report issued on Monday, MarketBeat.com reports.

Several other equities research analysts have also recently commented on NGG. National Bank Financial set a $85.50 price objective on shares of National Grid Transco in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, January 22nd. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research report on Monday, January 26th. Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, BNP Paribas Exane lowered National Grid Transco from an “outperform” rating to an “underperform” rating in a research report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.80.

National Grid Transco Stock Up 0.1%

NYSE NGG opened at $90.87 on Monday. National Grid Transco has a 12-month low of $62.08 and a 12-month high of $94.64. The firm’s 50 day moving average is $86.63 and its 200-day moving average is $78.80. 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

Several hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC raised its stake in National Grid Transco by 88.2% in the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of National Grid Transco during the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. increased its holdings in shares of National Grid Transco by 88.0% during the 4th 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 bought a new stake in National Grid Transco in the 3rd quarter valued at $28,000. Finally, Hilton Head Capital Partners LLC bought a new stake in National Grid Transco in the 4th quarter valued at $34,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

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.