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

Shares of National Grid Transco, PLC (NYSE:NGG) have been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the firm, MarketBeat reports. Two research 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 target among brokerages that have issued a report on the stock in the last year is $80.33.

Several equities research analysts have weighed in on NGG shares. Jefferies Financial Group reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Monday, October 5th. Sanford C. Bernstein restated a “buy” rating on shares of National Grid Transco in a research note on Friday, September 25th. UBS Group restated a “sell” rating on shares of National Grid Transco in a research note on Monday, August 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of National Grid Transco in a research report on Monday, October 5th. Finally, Berenberg Bank reaffirmed a “neutral” rating on shares of National Grid Transco in a research note on Friday, July 10th.

Hedge Funds Weigh In On National Grid Transco

A number of large investors have recently modified their holdings of NGG. Milford Funds Ltd. purchased a new stake in National Grid Transco in the 4th quarter valued at $183,208,000. Dimensional Fund Advisors LP lifted its stake in National Grid Transco by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 891,393 shares of the utilities provider’s stock valued at $75,412,000 after acquiring an additional 15,958 shares in the last quarter. Brandes Investment Partners LP purchased a new position in National Grid Transco during the 4th quarter worth $60,372,000. Cullen Capital Management LLC boosted its holdings in National Grid Transco by 4.2% during the 4th quarter. Cullen Capital Management LLC now owns 761,975 shares of the utilities provider’s stock worth $58,939,000 after acquiring an additional 30,414 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in National Grid Transco by 0.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 444,507 shares of the utilities provider’s stock worth $37,605,000 after acquiring an additional 3,649 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Transco Stock Up 0.3%

Shares of NYSE NGG opened at $78.49 on Thursday. National Grid Transco has a 12-month low of $73.37 and a 12-month high of $94.64. The company’s fifty day simple moving average is $78.04 and its 200 day simple moving average is $81.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71.

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.