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

Shares of National Grid plc (NYSE:NGG) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several analysts have commented on the stock. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft raised National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd.

National Grid Trading Up 0.3 %

Shares of NGG stock opened at $69.84 on Thursday. 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 12-month low of $56.40 and a 12-month high of $74.48. The firm has a fifty day moving average of $67.11 and a 200-day moving average of $66.18.

Institutional Trading of National Grid

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of National Grid by 22.7% during the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 153 shares during the period. NBC Securities Inc. boosted its position in National Grid by 3.5% during the fourth quarter. NBC Securities Inc. now owns 4,514 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 154 shares during the period. Mayflower Financial Advisors LLC increased its holdings in shares of National Grid by 4.5% in the first quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 160 shares during the last quarter. Dearborn Partners LLC raised its position in shares of National Grid by 3.8% in the third quarter. Dearborn Partners LLC now owns 4,803 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 177 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of National Grid by 14.5% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock worth $98,000 after buying an additional 183 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

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.