Favorable News Coverage Somewhat Unlikely to Impact National Grid Transco (NGG) Stock Price

News coverage about National Grid Transco (NYSE:NGG) has trended positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. National Grid Transco earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.2954297161487 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of research firms have recently weighed in on NGG. Zacks Investment Research raised National Grid Transco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine raised National Grid Transco from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank raised National Grid Transco from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. Finally, Credit Suisse Group raised National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $67.00.

Shares of National Grid Transco (NYSE NGG) traded up $0.47 during trading hours on Friday, reaching $57.58. The company had a trading volume of 767,088 shares, compared to its average volume of 776,978. National Grid Transco has a 1 year low of $56.63 and a 1 year high of $75.24. The company has a market capitalization of $39,010.00, a PE ratio of 17.88, a price-to-earnings-growth ratio of 4.20 and a beta of 0.44. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77.

The company also recently announced a semiannual dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, November 24th were issued a dividend of $1.0169 per share. The ex-dividend date was Wednesday, November 22nd. This represents a yield of 3.44%. National Grid Transco’s payout ratio is 58.07%.

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About National Grid Transco

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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