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

National Grid plc (NYSE:NGG) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

NGG has been the subject of several research analyst reports. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd.

National Grid Trading Up 1.3 %

NGG stock opened at $65.44 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. National Grid has a 52 week low of $56.40 and a 52 week high of $74.48. The business has a 50-day simple moving average of $66.64 and a 200 day simple moving average of $65.37.

Institutional Trading of National Grid

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in National Grid by 23.9% in the 3rd quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock valued at $99,962,000 after buying an additional 318,533 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of National Grid by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,613,446 shares of the utilities provider’s stock valued at $124,025,000 after purchasing an additional 242,081 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of National Grid by 8.1% during the 4th quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock valued at $200,281,000 after purchasing an additional 220,504 shares during the period. Nuveen Asset Management LLC lifted its holdings in National Grid by 55.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 617,798 shares of the utilities provider’s stock worth $41,596,000 after purchasing an additional 219,907 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in National Grid by 21.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider’s stock worth $73,710,000 after purchasing an additional 214,919 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.