National Grid (NYSE:NGG) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid (NYSE:NGG) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued a buy rating on the utilities provider’s stock.

Separately, The Goldman Sachs Group upgraded National Grid from a neutral rating to a buy rating in a report on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, National Grid has a consensus rating of Moderate Buy.

National Grid Price Performance

NGG stock opened at $66.49 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. National Grid has a one year low of $55.13 and a one year high of $73.40. The firm has a market capitalization of $52.76 billion, a PE ratio of 13.57, a P/E/G ratio of 4.89 and a beta of 0.61. The firm has a 50-day moving average of $66.81 and a two-hundred day moving average of $64.72.

Hedge Funds Weigh In On National Grid

Institutional investors and hedge funds have recently bought and sold shares of the stock. RFP Financial Group LLC increased its position in National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 200 shares during the period. Headlands Technologies LLC acquired a new stake in National Grid during the first quarter worth $27,000. Richardson Financial Services Inc. acquired a new stake in National Grid during the first quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in National Grid during the fourth quarter worth $29,000. Finally, Bessemer Group Inc. acquired a new stake in National Grid during the first quarter worth $29,000. Institutional investors 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.