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

Shares of National Grid plc (NYSE:NGG) have been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating.

A number of research firms have weighed in on NGG. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st.

National Grid Trading Down 2.0 %

NGG opened at $63.77 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company’s 50 day simple moving average is $61.33 and its two-hundred day simple moving average is $63.20. National Grid has a 1-year low of $54.24 and a 1-year high of $72.21. The firm has a market capitalization of $62.39 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

Institutional Trading of National Grid

Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of National Grid by 20.0% in the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of National Grid by 3.2% in the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 175 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 192 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of National Grid by 0.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after acquiring an additional 196 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It 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.