National Grid Transco Analysts Set Consensus Target of $82.95

Shares of National Grid Transco, PLC (NYSE:NGG) have garnered a consensus recommendation of “Hold” from a panel of eleven analysts monitoring the company, according to a report from MarketBeat. The analysts’ opinions vary, with two recommending a sell, five suggesting a hold, and four advocating for a buy. The average target price for the next twelve months is set at $83.80 based on reports issued over the past year.

Analytical insights from various firms have highlighted differing views on National Grid Transco. Notably, Morgan Stanley initiated coverage on December 12, 2023, assigning an “overweight” rating with a price target of $85.50. In contrast, Zacks Research downgraded the company from a “strong-buy” to a “hold” rating on September 1, 2023. Additionally, BNP Paribas Exane shifted its rating from “outperform” to “underperform” on November 24, 2023, and subsequently downgraded it to a “strong sell” on the same date. Weiss Ratings maintained a “hold (c)” rating on October 8, 2023.

Current Stock Performance and Dividend Announcement

As of the stock market opening on Friday, December 15, 2023, shares of National Grid Transco were priced at $76.37. The company has experienced a twelve-month low of $55.82 and a high of $78.49. The stock’s performance is supported by a 50-day simple moving average of $75.95 and a 200-day average of $73.05. Financial metrics indicate a current ratio of 0.97, a quick ratio of 0.90, and a debt-to-equity ratio of 1.14.

In addition to its stock performance, National Grid Transco recently declared a dividend to be distributed on January 13, 2024. The amount of $1.0657 per share will be paid to investors who are on record as of November 21, 2023, representing a notable yield of 284.0%. The ex-dividend date has also been set for November 21, 2023.

Company Overview

National Grid plc operates as a major utility company, involved in the transmission and distribution of electricity and gas. The firm is structured into several segments, including UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, and National Grid Ventures. The UK Electricity Transmission segment is particularly focused on providing electricity transmission and construction services across England and Wales.

With its diverse operations and strategic insights from financial analysts, National Grid Transco continues to play a significant role in the energy sector, responding to both market trends and investor interests.