National Grid Transco, PLC (NYSE:NGG) Receiving Positive Press Coverage, Report Finds
News coverage about National Grid Transco, PLC (NYSE:NGG) has been trending positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National Grid Transco, PLC earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.1455464021693 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Worcester CleanTech Incubator Strengthens Relationship with the Energy Industry, Welcomes New Board Members from National Grid (consumerelectronicsnet.com)
- National Grid Transco, PLC (NYSE:NGG) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- National Grid Transco, PLC (NYSE:NGG) Stake Cut by Clearbridge Investments LLC (overnewsmagazine.com)
- Company in Focus: Watching Shares of National Grid Transco Plc (NGG) – Financial News Review (finnewsreview.com)
National Grid Transco, PLC (NYSE:NGG) traded up 0.35% on Wednesday, reaching $63.30. 272,328 shares of the company’s stock were exchanged. The stock has a market cap of $43.56 billion, a price-to-earnings ratio of 4.26 and a beta of 0.45. The firm has a 50 day moving average of $62.81 and a 200-day moving average of $66.62. National Grid Transco, PLC has a one year low of $60.08 and a one year high of $79.56.
The firm also recently declared a special dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Friday, June 2nd will be paid a dividend of $1.872 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This is a positive change from National Grid Transco, PLC’s previous special dividend of $0.93.
NGG has been the topic of several recent analyst reports. Deutsche Bank AG downgraded shares of National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Royal Bank Of Canada downgraded shares of National Grid Transco, PLC from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, June 27th. BidaskClub raised shares of National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Berenberg Bank raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. National Grid Transco, PLC has a consensus rating of “Hold” and an average target price of $70.50.
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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.
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