National Grid plc (NYSE:NGG - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company.
NGG has been the topic of several recent research reports. Citigroup cut shares of National Grid from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research note on Wednesday, October 2nd. They set a "buy" rating on the stock.
Check Out Our Latest Stock Report on NGG
National Grid Trading Down 1.9 %
NGG stock traded down $1.23 during trading hours on Thursday, hitting $63.84. 451,381 shares of the stock were exchanged, compared to its average volume of 530,693. The company has a 50-day simple moving average of $67.64 and a two-hundred day simple moving average of $64.59. National Grid has a 12 month low of $55.13 and a 12 month high of $73.40. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41.
Institutional Trading of National Grid
Large investors have recently added to or reduced their stakes in the stock. RFP Financial Group LLC increased its position in National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider's stock worth $25,000 after buying an additional 200 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of National Grid during the first quarter valued at about $27,000. Richardson Financial Services Inc. purchased a new stake in shares of National Grid in the first quarter worth about $28,000. Bessemer Group Inc. bought a new position in shares of National Grid in the first quarter valued at approximately $29,000. Finally, Fortitude Family Office LLC purchased a new position in National Grid during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 4.68% of the company's stock.
National Grid Company Profile
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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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