National Grid Transco, PLC (NYSE:NGG) Receives $80.40 Average Price Target from Brokerages

National Grid Transco, PLC (NYSE:NGG) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $80.40.

Separately, Zacks Research lowered shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of National Grid Transco by 21.5% during the second quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock valued at $342,017,000 after purchasing an additional 814,248 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of National Grid Transco by 2.1% during the second quarter. Federated Hermes Inc. now owns 3,200,004 shares of the utilities provider’s stock valued at $238,112,000 after purchasing an additional 66,456 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of National Grid Transco by 23.0% during the second quarter. JPMorgan Chase & Co. now owns 2,041,602 shares of the utilities provider’s stock valued at $151,916,000 after purchasing an additional 382,392 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of National Grid Transco by 4.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock valued at $132,064,000 after purchasing an additional 94,839 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of National Grid Transco by 7.9% during the first quarter. Royal Bank of Canada now owns 1,880,406 shares of the utilities provider’s stock valued at $123,375,000 after purchasing an additional 137,541 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Transco Trading Down 0.4%

NYSE:NGG opened at $72.54 on Friday. National Grid Transco has a 12 month low of $55.82 and a 12 month high of $74.82. The stock has a market capitalization of $71.97 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.65 and a beta of 0.70. The firm has a fifty day simple moving average of $71.03 and a two-hundred day simple moving average of $70.56. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13.

About National Grid Transco

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.