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

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

Several research analysts recently commented on the company. Citigroup downgraded 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 issued a “buy” rating for the company.

Institutional Trading of National Grid

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gilman Hill Asset Management LLC grew its holdings in shares of National Grid by 8.1% in the third quarter. Gilman Hill Asset Management LLC now owns 40,819 shares of the utilities provider’s stock valued at $2,844,000 after purchasing an additional 3,075 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of National Grid during the 3rd quarter worth approximately $664,000. Lloyd Advisory Services LLC. purchased a new stake in shares of National Grid during the 3rd quarter valued at approximately $223,000. Valeo Financial Advisors LLC purchased a new position in National Grid in the third quarter worth approximately $205,000. Finally, Marcum Wealth LLC acquired a new stake in National Grid during the third quarter worth $209,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Price Performance

Shares of National Grid stock opened at $65.70 on Friday. The stock has a market capitalization of $52.13 billion, a P/E ratio of 13.41, a PEG ratio of 4.89 and a beta of 0.61. The business has a 50 day simple moving average of $66.89 and a two-hundred day simple moving average of $64.65. National Grid has a 12 month low of $55.13 and a 12 month high of $73.40. 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 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.