Shares of National Grid Transco, PLC (NYSE:NGG) have received an average recommendation of “Hold” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $69.00.

Several research firms recently weighed in on NGG. Berenberg Bank upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. HSBC Holdings plc upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, UBS AG restated a “sell” rating on shares of National Grid Transco, PLC in a research report on Thursday, June 29th.

Institutional investors have recently modified their holdings of the company. Strategy Asset Managers LLC raised its position in National Grid Transco, PLC by 78.9% in the second quarter. Strategy Asset Managers LLC now owns 31,985 shares of the utilities provider’s stock worth $2,009,000 after buying an additional 14,104 shares during the period. Advisors Management Group Inc. ADV purchased a new position in National Grid Transco, PLC during the second quarter worth approximately $297,000. Groesbeck Investment Management Corp NJ purchased a new position in National Grid Transco, PLC during the second quarter worth approximately $4,031,000. Blair William & Co. IL purchased a new position in National Grid Transco, PLC during the second quarter worth approximately $1,096,000. Finally, Ballentine Partners LLC raised its position in National Grid Transco, PLC by 1.4% in the second quarter. Ballentine Partners LLC now owns 4,480 shares of the utilities provider’s stock worth $277,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 5.67% of the company’s stock.

Shares of National Grid Transco, PLC (NGG) opened at 63.28 on Tuesday. The company’s 50 day moving average is $62.99 and its 200 day moving average is $66.69. The company has a market cap of $43.55 billion, a P/E ratio of 4.34 and a beta of 0.45. National Grid Transco, PLC has a one year low of $60.08 and a one year high of $79.51.

The firm also recently announced a special dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Friday, June 2nd will be given a dividend of $1.872 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This is a positive change from National Grid Transco, PLC’s previous special dividend of $0.93.

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About National Grid Transco, PLC

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Analyst Recommendations for National Grid Transco, PLC (NYSE:NGG)

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