National Grid Transco (NGG) Upgraded to Buy at ValuEngine

National Grid Transco (NYSE:NGG) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded National Grid Transco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. J P Morgan Chase & Co restated a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. Finally, Credit Suisse Group upgraded National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.00.

Shares of National Grid Transco (NGG) traded down $0.07 during midday trading on Friday, hitting $60.04. The stock had a trading volume of 717,735 shares, compared to its average volume of 486,569. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. National Grid Transco has a 12 month low of $58.42 and a 12 month high of $75.24.

A number of institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new position in National Grid Transco during the third quarter worth about $119,000. Public Employees Retirement System of Ohio grew its holdings in National Grid Transco by 6.0% during the third quarter. Public Employees Retirement System of Ohio now owns 76,550 shares of the utilities provider’s stock worth $4,800,000 after purchasing an additional 4,300 shares during the period. Cetera Advisor Networks LLC bought a new position in National Grid Transco during the third quarter worth about $222,000. Guardian Capital Advisors LP grew its holdings in National Grid Transco by 4.8% during the third quarter. Guardian Capital Advisors LP now owns 124,794 shares of the utilities provider’s stock worth $7,738,000 after purchasing an additional 5,685 shares during the period. Finally, Krilogy Financial LLC bought a new position in National Grid Transco during the third quarter worth about $163,000. Institutional investors and hedge funds own 5.60% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/12/02/national-grid-transco-ngg-upgraded-to-buy-at-valuengine.html.

About National Grid Transco

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for National Grid Transco (NYSE:NGG)

Receive News & Ratings for National Grid Transco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid Transco PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply