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

National Grid plc (NYSE:NGG) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

Several brokerages have recently weighed in on NGG. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock.

National Grid Price Performance

Shares of NYSE NGG opened at $66.24 on Friday. 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 fifty-two week low of $55.13 and a fifty-two week high of $73.40. The stock has a fifty day moving average of $66.96 and a 200-day moving average of $64.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mayflower Financial Advisors LLC grew its stake in National Grid by 4.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock worth $251,000 after buying an additional 160 shares in the last quarter. RFP Financial Group LLC boosted its holdings in shares of National Grid by 119.8% in the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Profund Advisors LLC increased its position in shares of National Grid by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 203 shares during the last quarter. Dearborn Partners LLC raised its holdings in shares of National Grid by 5.5% during the 1st quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock valued at $281,000 after buying an additional 213 shares in the last quarter. Finally, Bailard Inc. lifted its position in National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock worth $291,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors 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.