National Grid Transco (NYSE:NGG) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of National Grid Transco, PLC (NYSE:NGG) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $83.21 and traded as high as $84.30. National Grid Transco shares last traded at $84.1020, with a volume of 881,969 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NGG shares. JPMorgan Chase & Co. restated a “buy” rating on shares of National Grid Transco in a research report on Monday, October 5th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Monday, October 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research report on Thursday, October 15th. Wall Street Zen lowered National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of National Grid Transco in a report on Friday, September 25th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $80.33.

National Grid Transco Stock Down 0.3%

The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.09. The stock’s 50-day simple moving average is $78.30 and its two-hundred day simple moving average is $83.23.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Pathway Financial Advisers LLC acquired a new position in National Grid Transco in the third quarter valued at about $34,000. Kestra Private Wealth Services LLC boosted its stake in National Grid Transco by 6.3% during the third quarter. Kestra Private Wealth Services LLC now owns 8,951 shares of the utilities provider’s stock worth $679,000 after buying an additional 529 shares during the period. Richardson Financial Services Inc. increased its position in shares of National Grid Transco by 78.6% during the third quarter. Richardson Financial Services Inc. now owns 843 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 371 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new stake in shares of National Grid Transco during the third quarter valued at about $894,000. Finally, Signature Equity Partners LLC raised its stake in shares of National Grid Transco by 80.1% in the 3rd quarter. Signature Equity Partners LLC now owns 598 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 266 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

About National Grid Transco

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.