National Grid plc (NYSE:NGG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

National Grid plc (NYSE:NGG - Get Free Report) has earned an average rating of "Moderate Buy" from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of equities research analysts recently weighed in on the company. UBS Group cut National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th.

National Grid Price Performance

NGG stock traded up $0.06 during trading on Tuesday, reaching $71.71. 514,642 shares of the company were exchanged, compared to its average volume of 684,615. National Grid has a 52-week low of $54.24 and a 52-week high of $74.82. 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 $70.16 billion, a P/E ratio of 13.79, a PEG ratio of 5.64 and a beta of 0.58. The stock's 50 day moving average price is $66.03 and its 200 day moving average price is $63.20.

Institutional Trading of National Grid

A number of large investors have recently made changes to their positions in NGG. FMR LLC lifted its holdings in National Grid by 11.9% in the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock valued at $265,185,000 after purchasing an additional 473,172 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of National Grid by 5.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock valued at $83,496,000 after buying an additional 68,587 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of National Grid by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,372,417 shares of the utilities provider's stock valued at $90,044,000 after buying an additional 228,179 shares during the period. Raymond James Financial Inc. acquired a new stake in National Grid during the fourth quarter worth approximately $67,324,000. Finally, Merewether Investment Management LP grew its stake in National Grid by 10.3% in the 4th quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock worth $62,597,000 after acquiring an additional 98,461 shares during the period. Institutional investors and hedge funds own 4.68% of the company's stock.

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.