National Grid plc (NGG) Given Consensus Recommendation of “Hold” by Analysts

Share on StockTwits

Shares of National Grid plc (NYSE:NGG) have received an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several equities research analysts recently issued reports on the stock. Barclays assumed coverage on shares of National Grid in a research report on Wednesday, January 30th. They issued an “overweight” rating on the stock. Zacks Investment Research cut shares of National Grid from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. Finally, Royal Bank of Canada raised shares of National Grid from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 6th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NGG. Renaissance Technologies LLC boosted its position in shares of National Grid by 23.5% in the third quarter. Renaissance Technologies LLC now owns 3,887,281 shares of the utilities provider’s stock worth $201,594,000 after acquiring an additional 739,853 shares during the last quarter. Reaves W H & Co. Inc. purchased a new position in National Grid in the third quarter valued at approximately $16,612,000. Capital International Investors raised its holdings in National Grid by 9.0% in the third quarter. Capital International Investors now owns 2,935,366 shares of the utilities provider’s stock valued at $152,228,000 after buying an additional 241,800 shares during the period. Miller Howard Investments Inc. NY raised its holdings in National Grid by 237.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 149,189 shares of the utilities provider’s stock valued at $7,158,000 after buying an additional 104,989 shares during the period. Finally, Millennium Management LLC purchased a new position in National Grid in the second quarter valued at approximately $5,729,000. 5.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of National Grid stock traded up $0.01 during mid-day trading on Friday, hitting $54.53. 87,192 shares of the stock were exchanged, compared to its average volume of 736,257. National Grid has a twelve month low of $46.36 and a twelve month high of $59.82. The stock has a market capitalization of $37.06 billion, a P/E ratio of 13.90, a P/E/G ratio of 9.64 and a beta of 0.47. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.85 and a quick ratio of 0.79.

National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

See Also: Tariff

Analyst Recommendations for National Grid (NYSE:NGG)

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Kays Financial Advisory Corp ADV Has $1.29 Million Stake in Omnicom Group Inc.
Kays Financial Advisory Corp ADV Has $1.29 Million Stake in Omnicom Group Inc.
The Ensign Group  Hits New 1-Year High at $51.21
The Ensign Group Hits New 1-Year High at $51.21
Kays Financial Advisory Corp ADV Invests $2.07 Million in iShares Edge MSCI Min Vol EAFE ETF
Kays Financial Advisory Corp ADV Invests $2.07 Million in iShares Edge MSCI Min Vol EAFE ETF
MAM Software Group  Sets New 52-Week Low at $6.53
MAM Software Group Sets New 52-Week Low at $6.53
Western Forest Products  PT Lowered to C$2.00 at CIBC
Western Forest Products PT Lowered to C$2.00 at CIBC
Spin Master  Price Target Cut to C$50.00
Spin Master Price Target Cut to C$50.00


Leave a Reply

 
© 2006-2019 Zolmax.