National Grid Transco, PLC (NYSE:NGG) Stock Has Consensus Price Target of $85.50 According to Analysts

National Grid Transco, PLC (NYSE:NGG) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $80.33.

Several equities analysts have recently issued reports on NGG shares. UBS Group restated a “sell” rating on shares of National Grid Transco in a report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Friday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of National Grid Transco in a research note on Monday, October 5th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Monday, October 5th. Finally, Berenberg Bank reissued a “neutral” rating on shares of National Grid Transco in a report on Friday, July 10th.

Hedge Funds Weigh In On National Grid Transco

A number of institutional investors and hedge funds have recently bought and sold shares of NGG. Sound Income Strategies LLC increased its position in shares of National Grid Transco by 13.6% in the first quarter. Sound Income Strategies LLC now owns 1,075 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 129 shares in the last quarter. Tred Avon Family Wealth LLC lifted its holdings in shares of National Grid Transco by 1.7% during the 1st quarter. Tred Avon Family Wealth LLC now owns 9,620 shares of the utilities provider’s stock valued at $814,000 after acquiring an additional 165 shares in the last quarter. Anchyra Partners LLC lifted its holdings in shares of National Grid Transco by 8.3% during the 1st quarter. Anchyra Partners LLC now owns 2,984 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 229 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of National Grid Transco by 3.1% during the 1st quarter. Glenmede Trust Co. NA now owns 8,833 shares of the utilities provider’s stock valued at $747,000 after acquiring an additional 268 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its position in National Grid Transco by 2.3% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 12,297 shares of the utilities provider’s stock worth $1,040,000 after purchasing an additional 281 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Transco Price Performance

Shares of NYSE NGG opened at $76.48 on Thursday. National Grid Transco has a 1-year low of $73.28 and a 1-year high of $94.64. The business has a fifty day moving average price of $78.18 and a 200 day moving average price of $82.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. The company owns and operates electricity and natural gas networks that deliver energy to homes, businesses and other customers in the United Kingdom and the northeastern United States.

In the UK, National Grid operates the electricity transmission network in England and Wales and the country’s high-pressure gas transmission system. It also develops and operates energy interconnectors and infrastructure that support the connection of renewable generation and the broader transition to a lower-carbon energy system.