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

National Grid plc (NYSE:NGG) has been given a consensus rating of “Buy” by the four research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation.

Several analysts recently weighed in on the company. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st.

Institutional Investors Weigh In On National Grid

Several institutional investors and hedge funds have recently modified their holdings of NGG. IFP Advisors Inc boosted its stake in National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after buying an additional 174 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of National Grid by 3.2% in the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 175 shares in the last quarter. Rothschild Investment LLC increased its position in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after purchasing an additional 196 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of National Grid by 67.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after buying an additional 198 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Up 1.5 %

Shares of NYSE NGG opened at $63.25 on Monday. The firm has a fifty day simple moving average of $60.70 and a two-hundred day simple moving average of $63.24. The firm has a market capitalization of $61.89 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid has a 12 month low of $54.24 and a 12 month high of $72.21.

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.