National Grid plc (NYSE:NGG - Get Free Report) has earned an average recommendation of "Buy" from the five analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation.
A number of brokerages have commented on NGG. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday. Finally, Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st.
Check Out Our Latest Analysis on National Grid
National Grid Price Performance
Shares of National Grid stock traded down $1.31 during trading on Monday, hitting $63.77. 697,516 shares of the stock traded hands, compared to its average volume of 606,199. The stock has a market cap of $62.39 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 5.64 and a beta of 0.63. 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 52 week low of $54.24 and a 52 week high of $72.21. The firm's fifty day moving average is $61.17 and its 200-day moving average is $63.22.
Institutional Trading of National Grid
A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in National Grid by 119.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,025 shares of the utilities provider's stock valued at $1,546,000 after buying an additional 14,175 shares during the last quarter. Brucke Financial Inc. purchased a new position in shares of National Grid in the fourth quarter valued at about $226,000. Vise Technologies Inc. increased its position in shares of National Grid by 30.0% in the fourth quarter. Vise Technologies Inc. now owns 11,046 shares of the utilities provider's stock valued at $656,000 after acquiring an additional 2,550 shares during the period. Squarepoint Ops LLC raised its stake in shares of National Grid by 193.6% during the fourth quarter. Squarepoint Ops LLC now owns 23,093 shares of the utilities provider's stock valued at $1,372,000 after acquiring an additional 15,228 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of National Grid by 8.9% during the fourth quarter. Two Sigma Investments LP now owns 5,100 shares of the utilities provider's stock worth $303,000 after purchasing an additional 417 shares during the period. Hedge funds and other institutional investors 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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