National Grid Transco, PLC (NYSE:NGG)‘s stock had its “buy” rating reiterated by analysts at J P Morgan Chase & Co in a note issued to investors on Wednesday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Berenberg Bank upgraded shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Shares of National Grid Transco, PLC (NYSE NGG) opened at $59.19 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77. National Grid Transco, PLC has a 12 month low of $58.80 and a 12 month high of $75.24.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Preferred LLC purchased a new stake in shares of National Grid Transco, PLC in the third quarter valued at about $118,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of National Grid Transco, PLC by 30.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,517 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 589 shares during the last quarter. Suncoast Equity Management purchased a new stake in shares of National Grid Transco, PLC in the second quarter valued at about $205,000. Armor Investment Advisors LLC purchased a new stake in shares of National Grid Transco, PLC in the third quarter valued at about $226,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of National Grid Transco, PLC in the third quarter valued at about $253,000. Hedge funds and other institutional investors own 5.18% of the company’s stock.

National Grid Transco, PLC Company Profile

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, PLC (NYSE:NGG)

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