National Grid plc (NYSE:NGG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of National Grid plc (NYSE:NGG) have been assigned a consensus rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation.

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday.

Hedge Funds Weigh In On National Grid

Several large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC purchased a new position in National Grid during the 3rd quarter valued at about $37,000. Eastern Bank purchased a new position in National Grid during the 3rd quarter valued at about $42,000. Quantbot Technologies LP purchased a new position in National Grid during the 3rd quarter valued at about $60,000. Addison Advisors LLC grew its holdings in National Grid by 267.9% during the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after buying an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in National Grid by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock valued at $70,000 after buying an additional 314 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Price Performance

Shares of NGG stock traded up $1.22 on Tuesday, hitting $60.75. The company’s stock had a trading volume of 332,837 shares, compared to its average volume of 757,438. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average is $60.38 and its 200-day moving average is $63.76. National Grid has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.

National Grid Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, November 22nd were given a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date of this dividend was Friday, November 22nd.

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.