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

Shares of National Grid plc (NYSE:NGG) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several analysts recently weighed in on NGG shares. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday. The Goldman Sachs Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a report on Wednesday. They issued a “buy” rating for the company.

Institutional Trading of National Grid

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in National Grid by 5.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,286,459 shares of the utilities provider’s stock valued at $87,466,000 after buying an additional 70,730 shares during the period. Logan Capital Management Inc. boosted its position in National Grid by 3.5% in the 4th quarter. Logan Capital Management Inc. now owns 45,991 shares of the utilities provider’s stock valued at $3,127,000 after buying an additional 1,574 shares during the period. Barden Capital Management Inc. boosted its position in National Grid by 16.5% in the 4th quarter. Barden Capital Management Inc. now owns 14,190 shares of the utilities provider’s stock valued at $965,000 after buying an additional 2,014 shares during the period. Sunpointe LLC purchased a new position in National Grid in the 4th quarter valued at approximately $356,000. Finally, Raleigh Capital Management Inc. boosted its position in National Grid by 8.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 34,879 shares of the utilities provider’s stock valued at $2,371,000 after buying an additional 2,794 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Down 0.7 %

Shares of NYSE NGG opened at $66.50 on Friday. The company has a 50 day simple moving average of $66.81 and a 200-day simple moving average of $64.70. The company has a market capitalization of $52.76 billion, a P/E ratio of 13.57, a P/E/G ratio of 4.89 and a beta of 0.61. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. National Grid has a 1 year low of $55.13 and a 1 year high of $73.40.

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.