National Grid Transco (NYSE:NGG) Hits New 1-Year High – What’s Next?

National Grid Transco, PLC (NYSE:NGG) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $84.50 and last traded at $84.2360, with a volume of 752364 shares trading hands. The stock had previously closed at $82.58.

Analyst Ratings Changes

NGG has been the topic of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of National Grid Transco in a report on Monday. National Bankshares set a $85.50 price target on shares of National Grid Transco in a research note on Friday, December 12th. Morgan Stanley assumed coverage on National Grid Transco in a research note on Friday, December 12th. They set an “overweight” rating and a $85.50 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research note on Thursday, January 22nd. Finally, BNP Paribas Exane downgraded National Grid Transco from an “outperform” rating to an “underperform” rating in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.80.

National Grid Transco Price Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. The firm has a 50 day moving average of $77.51 and a 200-day moving average of $74.51.

National Grid Transco Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, January 13th. Shareholders of record on Friday, November 21st were issued a $1.0657 dividend. This represents a yield of 284.0%. The ex-dividend date of this dividend was Friday, November 21st.

Institutional Trading of National Grid Transco

Large investors have recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new stake in shares of National Grid Transco during the 3rd quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in National Grid Transco in the 3rd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of National Grid Transco during the second quarter worth $31,000. V Square Quantitative Management LLC bought a new stake in shares of National Grid Transco in the 2nd quarter valued at about $35,000. Finally, Salomon & Ludwin LLC boosted its holdings in National Grid Transco by 4,218.2% in the third quarter. Salomon & Ludwin LLC now owns 475 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 464 shares during the last quarter. Institutional investors and hedge funds 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.