National Grid plc (NYSE:NGG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of National Grid plc (NYSE:NGG) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company.

A number of research analysts recently weighed in on NGG shares. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd.

National Grid Stock Up 0.6 %

NGG stock opened at $63.71 on Monday. The stock’s 50 day simple moving average is $65.67 and its 200 day simple moving average is $64.02. National Grid has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market cap of $62.25 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 5.97 and a beta of 0.62.

National Grid Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders 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. National Grid’s dividend payout ratio (DPR) is presently 41.65%.

Hedge Funds Weigh In On National Grid

Institutional investors have recently modified their holdings of the business. Pathstone Holdings LLC grew its holdings in shares of National Grid by 46.0% in the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after acquiring an additional 11,402 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of National Grid by 1,620.2% in the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock valued at $2,681,000 after acquiring an additional 36,243 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of National Grid by 51.9% in the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after acquiring an additional 38,123 shares in the last quarter. Atria Investments Inc grew its holdings in shares of National Grid by 19.3% in the first quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider’s stock valued at $4,183,000 after acquiring an additional 9,931 shares in the last quarter. Finally, Gradient Investments LLC grew its holdings in shares of National Grid by 8,101.0% in the second quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 8,182 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

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.