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

Shares of National Grid plc (NYSE:NGG) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

NGG has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Jefferies Financial Group upgraded shares of National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, BNP Paribas upgraded shares of National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd.

National Grid Stock Performance

NGG stock opened at $63.52 on Friday. National Grid has a 52-week low of $56.40 and a 52-week high of $74.48. The company’s 50 day simple moving average is $66.66 and its 200-day simple moving average is $65.38. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in National Grid by 23.9% in the third quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock worth $99,962,000 after acquiring an additional 318,533 shares in the last quarter. Goldman Sachs Group Inc. grew its position in National Grid by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,613,446 shares of the utilities provider’s stock worth $124,025,000 after acquiring an additional 242,081 shares in the last quarter. Federated Hermes Inc. grew its position in National Grid by 8.1% in the fourth quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock worth $200,281,000 after acquiring an additional 220,504 shares in the last quarter. Nuveen Asset Management LLC grew its position in National Grid by 55.3% in the second quarter. Nuveen Asset Management LLC now owns 617,798 shares of the utilities provider’s stock worth $41,596,000 after acquiring an additional 219,907 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in National Grid by 21.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider’s stock worth $73,710,000 after acquiring an additional 214,919 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Company Profile

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.