National Grid plc (NYSE:NGG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company.
NGG has been the topic of several research reports. Citigroup downgraded National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a report on Wednesday, October 2nd. They issued a "buy" rating on the stock.
Get Our Latest Stock Analysis on NGG
National Grid Stock Performance
National Grid stock traded up $0.82 during trading hours on Friday, hitting $58.50. The company had a trading volume of 708,359 shares, compared to its average volume of 543,822. The firm has a 50-day moving average of $63.52 and a 200 day moving average of $63.48. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid has a one year low of $55.13 and a one year high of $73.40.
National Grid Dividend Announcement
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, November 22nd will be paid a $2.4939 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of NGG. FMR LLC increased its stake in shares of National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock valued at $277,964,000 after purchasing an additional 1,739,566 shares during the last quarter. Merewether Investment Management LP acquired a new position in National Grid during the third quarter worth about $66,535,000. Ausbil Investment Management Ltd bought a new position in shares of National Grid in the third quarter worth about $62,421,000. Hsbc Holdings PLC boosted its stake in shares of National Grid by 11,704.2% in the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider's stock valued at $36,917,000 after purchasing an additional 644,553 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of National Grid by 3.1% during the 3rd quarter. Bank of Montreal Can now owns 553,394 shares of the utilities provider's stock valued at $38,588,000 after purchasing an additional 16,610 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.
About National Grid
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Get Free ReportNational 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.
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