National Grid plc (NYSE:NGG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of National Grid plc (NYSE:NGG) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several research firms have weighed in on NGG. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd.

National Grid Trading Up 0.1 %

Shares of National Grid stock opened at $58.92 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. National Grid has a 1 year low of $55.13 and a 1 year high of $73.40. The company has a market capitalization of $57.58 billion, a P/E ratio of 12.20, a P/E/G ratio of 5.49 and a beta of 0.62. The business has a 50 day moving average price of $62.69 and a 200 day moving average price of $63.50.

National Grid Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd will be issued a $2.4939 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 4%. National Grid’s dividend payout ratio (DPR) is presently 41.61%.

Institutional Investors Weigh In On National Grid

Several hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC grew its holdings in 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 purchasing an additional 11,402 shares during the period. XTX Topco Ltd acquired a new position in shares of National Grid in the 3rd quarter valued at $1,624,000. Natixis Advisors LLC boosted its holdings in shares of National Grid by 51.9% in the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after purchasing an additional 38,123 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in shares of National Grid by 1,620.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock valued at $2,681,000 after buying an additional 36,243 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of National Grid by 351.1% during the 3rd quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after buying an additional 161,204 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

About National Grid

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.