National Grid Transco, PLC (NYSE:NGG) Receives Average Rating of “Reduce” from Analysts

National Grid Transco, PLC (NYSE:NGG) has been assigned an average recommendation of “Reduce” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $85.50.

A number of research analysts recently weighed in on NGG shares. The Goldman Sachs Group reissued a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. UBS Group reissued a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Grid Transco in a research note on Monday. Finally, Zacks Research downgraded National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th.

National Grid Transco Trading Up 1.5%

Shares of NYSE:NGG opened at $81.43 on Friday. National Grid Transco has a fifty-two week low of $67.51 and a fifty-two week high of $94.64. The business has a 50-day moving average of $85.96 and a two-hundred day moving average of $83.78. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09.

National Grid Transco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, July 23rd. Investors of record on Friday, May 29th will be paid a $2.1738 dividend. This represents a dividend yield of 533.0%. The ex-dividend date of this dividend is Friday, May 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC grew its position in shares of National Grid Transco by 88.2% in the fourth 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 last quarter. Johnson Financial Group Inc. acquired a new stake in shares of National Grid Transco in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. grew its position in shares of National Grid Transco by 88.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 162 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of National Grid Transco in the third quarter valued at about $28,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of National Grid Transco in the fourth quarter valued at about $34,000. 4.68% of the stock is owned by institutional investors.

National Grid Transco Company Profile

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.