National Grid plc (NYSE:NGG) Receives Consensus Rating of “Moderate Buy” from Brokerages

National Grid plc (NYSE:NGGGet 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.

View Our Latest Stock Report on National Grid

Institutional Trading of National Grid

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in National Grid during the 4th quarter worth about $59,000. Jennison Associates LLC purchased a new stake in shares of National Grid during the fourth quarter worth about $6,123,000. Cetera Trust Company N.A purchased a new stake in National Grid during the 4th quarter worth approximately $51,000. Verdence Capital Advisors LLC increased its position in shares of National Grid by 14.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 21,309 shares of the utilities provider’s stock worth $1,449,000 after purchasing an additional 2,726 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of National Grid by 38.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,732 shares of the utilities provider’s stock valued at $118,000 after buying an additional 478 shares during the last quarter. Institutional investors and hedge funds own 4.40% of the company’s stock.

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

(Get Free Report

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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Analyst Recommendations for National Grid (NYSE:NGG)

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