National Grid Transco, PLC (NYSE:NGG) has received an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $69.00.

A number of brokerages recently weighed in on NGG. Zacks Investment Research downgraded shares of National Grid Transco from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Credit Suisse Group raised shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. ValuEngine raised shares of National Grid Transco from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank raised shares of National Grid Transco from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of National Grid Transco in a research note on Wednesday, November 15th.

National Grid Transco (NGG) opened at $59.57 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.32. National Grid Transco has a fifty-two week low of $58.42 and a fifty-two week high of $75.24.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be given a dividend of $1.0169 per share. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 22nd.

Several institutional investors and hedge funds have recently made changes to their positions in NGG. Geode Capital Management LLC increased its position in shares of National Grid Transco by 54.6% in the first quarter. Geode Capital Management LLC now owns 20,450 shares of the utilities provider’s stock worth $1,298,000 after purchasing an additional 7,223 shares during the last quarter. Sei Investments Co. increased its position in shares of National Grid Transco by 17.3% in the second quarter. Sei Investments Co. now owns 42,370 shares of the utilities provider’s stock worth $2,662,000 after purchasing an additional 6,258 shares during the last quarter. First Trust Advisors LP increased its position in shares of National Grid Transco by 30.3% in the second quarter. First Trust Advisors LP now owns 7,478 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 1,738 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of National Grid Transco by 2.3% in the second quarter. Advisors Asset Management Inc. now owns 29,399 shares of the utilities provider’s stock worth $1,847,000 after purchasing an additional 650 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC bought a new position in shares of National Grid Transco in the second quarter worth approximately $2,637,000. Hedge funds and other institutional investors own 5.60% of the company’s stock.

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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.

Analyst Recommendations for National Grid Transco (NYSE:NGG)

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