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

Shares of National Grid plc (NYSE:NGG) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of equities research analysts have weighed in on the company. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NGG. Franklin Resources Inc. acquired a new stake in shares of National Grid during the 3rd quarter valued at approximately $316,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of National Grid during the third quarter worth $312,000. World Investment Advisors LLC bought a new position in shares of National Grid in the 3rd quarter worth about $522,000. Coldstream Capital Management Inc. lifted its position in shares of National Grid by 5.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock worth $346,000 after buying an additional 242 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of National Grid by 1.1% in the 3rd quarter. M&T Bank Corp now owns 66,651 shares of the utilities provider’s stock valued at $4,644,000 after buying an additional 708 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Up 1.4 %

Shares of National Grid stock opened at $58.50 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid has a 1-year low of $55.13 and a 1-year high of $73.40. The business has a 50-day moving average of $63.36 and a 200-day moving average of $63.51. The company has a market capitalization of $57.17 billion, a PE ratio of 12.11, a P/E/G ratio of 5.49 and a beta of 0.62.

National Grid Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, November 22nd will be issued a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date is Friday, November 22nd. National Grid’s dividend payout ratio is currently 41.61%.

About National Grid

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.