National Grid plc (NYSE:NGG) Given Average Rating of “Moderate Buy” by Brokerages

National Grid plc (NYSE:NGG) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

A number of research analysts recently commented on NGG shares. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock.

National Grid Stock Performance

Shares of NYSE:NGG opened at $65.07 on Thursday. The firm’s 50 day moving average is $67.64 and its two-hundred day moving average is $64.59. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid has a 52 week low of $55.13 and a 52 week high of $73.40.

Institutional Trading of National Grid

Several institutional investors and hedge funds have recently added to or reduced their stakes in NGG. BNP Paribas Financial Markets acquired a new position in shares of National Grid in the 1st quarter worth $1,372,000. Capital International Investors bought a new position in shares of National Grid during the 1st quarter valued at $86,218,000. Atria Investments Inc lifted its position in shares of National Grid by 19.3% in the first quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider’s stock worth $4,183,000 after buying an additional 9,931 shares during the last quarter. Gradient Investments LLC boosted its position in National Grid by 8,101.0% during the second quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 8,182 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in National Grid by 54.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,185 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 6,070 shares during the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

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.