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

Shares of National Grid plc (NYSE:NGG) have received a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation.

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 Friday, March 7th. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday.

National Grid Trading Down 0.0 %

NYSE:NGG opened at $63.80 on Monday. The company has a 50-day moving average price of $61.03 and a 200-day moving average price of $63.21. National Grid has a 12 month low of $54.24 and a 12 month high of $72.21. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a market cap of $62.42 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 5.64 and a beta of 0.63.

Hedge Funds Weigh In On National Grid

Large investors have recently made changes to their positions in the business. Sigma Planning Corp purchased a new position in National Grid during the third quarter valued at $242,000. Oppenheimer Asset Management Inc. purchased a new position in shares of National Grid in the 3rd quarter worth about $566,000. Oppenheimer & Co. Inc. purchased a new position in shares of National Grid in the 3rd quarter worth about $250,000. Natixis Advisors LLC raised its position in shares of National Grid by 51.9% in the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after purchasing an additional 38,123 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in shares of National Grid in the 3rd quarter worth about $1,065,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

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.