National Grid Transco (NYSE:NGG) was upgraded by stock analysts at Deutsche Bank from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other equities research analysts also recently issued reports on NGG. ValuEngine raised National Grid Transco from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Credit Suisse Group raised National Grid Transco from an “underperform” rating to a “neutral” rating in a research report on Monday, November 27th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of National Grid Transco in a research report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded National Grid Transco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.00.

Shares of National Grid Transco (NGG) opened at $59.59 on Wednesday. National Grid Transco has a 1 year low of $58.42 and a 1 year high of $75.24. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32.

A number of hedge funds have recently added to or reduced their stakes in NGG. BlueCrest Capital Management Ltd acquired a new stake in National Grid Transco during the second quarter valued at approximately $448,000. Arrowstreet Capital Limited Partnership boosted its holdings in National Grid Transco by 172.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,263,824 shares of the utilities provider’s stock valued at $79,393,000 after purchasing an additional 799,514 shares in the last quarter. Miller Howard Investments Inc. NY boosted its holdings in National Grid Transco by 0.3% during the third quarter. Miller Howard Investments Inc. NY now owns 1,029,056 shares of the utilities provider’s stock valued at $64,532,000 after purchasing an additional 3,117 shares in the last quarter. First Trust Advisors LP boosted its holdings in National Grid Transco by 30.3% during the second quarter. First Trust Advisors LP now owns 7,478 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 1,738 shares in the last quarter. Finally, Mondrian Investment Partners LTD bought a new position in shares of National Grid Transco in the third quarter valued at approximately $30,019,000. 5.60% of the stock is currently owned by institutional investors and hedge funds.

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National Grid Transco Company Profile

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.

The Fly

Analyst Recommendations for National Grid Transco (NYSE:NGG)

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