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

National Grid plc (NYSE:NGG) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

NGG has been the topic of a number of analyst reports. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. UBS Group lowered National Grid from a “buy” rating to a “neutral” rating in a research report on Tuesday. StockNews.com cut shares of National Grid from a “hold” rating to a “sell” rating in a report on Tuesday, April 22nd. Finally, Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th.

Institutional Trading of National Grid

Large investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its stake in National Grid by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock valued at $265,000 after buying an additional 868 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of National Grid in the 4th quarter worth approximately $239,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of National Grid in the fourth quarter worth approximately $411,000. JCIC Asset Management Inc. purchased a new stake in National Grid during the fourth quarter valued at approximately $1,854,000. Finally, Burney Co. bought a new position in National Grid in the fourth quarter worth approximately $604,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Performance

Shares of NGG stock opened at $72.85 on Tuesday. 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 company’s fifty day moving average price is $65.37 and its 200-day moving average price is $63.03. The stock has a market cap of $71.28 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. National Grid has a 12 month low of $54.24 and a 12 month high of $74.82.

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.