National Grid plc (NYSE:NGG – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company.
Several equities analysts recently commented on the stock. UBS Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, StockNews.com initiated coverage on National Grid in a research report on Thursday, October 5th. They issued a “hold” rating for the company.
Institutional Trading of National Grid
National Grid Stock Performance
NYSE NGG opened at $68.59 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82. National Grid has a fifty-two week low of $56.40 and a fifty-two week high of $74.48. The business’s 50 day moving average price is $67.56 and its 200-day moving average price is $64.29.
National Grid Cuts Dividend
The business also recently announced a semi-annual dividend, which was paid on Thursday, January 11th. Investors of record on Friday, November 24th were paid a $1.1899 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend was Wednesday, November 22nd.
About National Grid
National Grid plc transmits and distributes electricity and gas. The company 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.
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