Brokerages Set National Grid Transco, PLC (NYSE:NGG) Target Price at $83.80

National Grid Transco, PLC (NYSE:NGG) has earned a consensus rating of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $83.80.

NGG has been the subject of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a report on Wednesday, March 18th. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. UBS Group reiterated a “sell” rating on shares of National Grid Transco in a report on Monday, March 16th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of National Grid Transco in a report on Wednesday, April 15th.

National Grid Transco Trading Down 7.6%

NYSE:NGG opened at $80.74 on Monday. The company has a fifty day moving average of $87.10 and a 200-day moving average of $83.01. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. National Grid Transco has a twelve month low of $67.51 and a twelve month high of $94.64.

National Grid Transco Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 23rd. Investors of record on Friday, May 29th will be given a $2.1738 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a yield of 542.0%.

Institutional Trading of National Grid Transco

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC grew its position in 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. acquired a new stake in National Grid Transco in the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. grew its position in National Grid Transco by 88.0% in the 4th 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 period. Measured Wealth Private Client Group LLC acquired a new stake in National Grid Transco in the 3rd quarter valued at $28,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in National Grid Transco in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

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.