National Grid Transco (NYSE:NGG) Raised to “Buy” at Wall Street Zen

National Grid Transco (NYSE:NGG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

NGG has been the subject of several other reports. Citigroup restated a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a report on Friday, July 17th. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft cut National Grid Transco from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of National Grid Transco in a research report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, National Grid Transco currently has a consensus rating of “Reduce” and a consensus price target of $85.50.

National Grid Transco Stock Performance

NYSE NGG opened at $82.34 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76. The stock’s 50-day simple moving average is $82.66 and its two-hundred day simple moving average is $85.23. National Grid Transco has a twelve month low of $67.51 and a twelve month high of $94.64.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NGG. Root Financial Partners LLC lifted its stake in shares of National Grid Transco by 88.2% in the 4th quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Johnson Financial Group Inc. purchased a new stake in National Grid Transco in the third quarter worth $25,000. Cullen Frost Bankers Inc. grew its stake in National Grid Transco by 88.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 162 shares during the period. Measured Wealth Private Client Group LLC bought a new position in National Grid Transco in the third quarter worth $28,000. Finally, Hilton Head Capital Partners LLC bought a new position in National Grid Transco in the fourth quarter worth $34,000. Institutional investors own 4.68% of the company’s stock.

About National Grid Transco

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.