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

National Grid plc (NYSE:NGG) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment 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 analyst reports. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock.

National Grid Trading Down 0.2 %

Shares of NYSE NGG opened at $57.68 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The business’s 50 day moving average is $63.52 and its two-hundred day moving average is $63.48. National Grid has a 52-week low of $55.13 and a 52-week high of $73.40.

National Grid Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, November 22nd will be issued a $2.4939 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of National Grid by 778.5% in the 2nd quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider’s stock valued at $60,000 after buying an additional 942 shares during the period. &PARTNERS purchased a new position in National Grid in the second quarter worth approximately $441,000. Fullcircle Wealth LLC acquired a new position in National Grid during the 2nd quarter worth approximately $211,000. Bank of New York Mellon Corp increased its position in shares of National Grid by 128.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 148,184 shares of the utilities provider’s stock valued at $8,417,000 after purchasing an additional 83,310 shares during the last quarter. Finally, Bailard Inc. raised its holdings in shares of National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 217 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

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.