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

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

NGG has been the subject of several analyst reports. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock.

National Grid Price Performance

NYSE:NGG opened at $65.07 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. National Grid has a 52 week low of $55.13 and a 52 week high of $73.40. The company has a 50-day moving average of $67.64 and a 200-day moving average of $64.59.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital International Investors bought a new position in shares of National Grid in the 1st quarter valued at about $86,218,000. Ausbil Investment Management Ltd acquired a new stake in shares of National Grid in the 3rd quarter valued at approximately $62,421,000. Hsbc Holdings PLC raised its position in shares of National Grid by 11,704.2% in the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock valued at $36,917,000 after acquiring an additional 644,553 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of National Grid in the 3rd quarter valued at approximately $38,021,000. Finally, Bank of Montreal Can raised its position in shares of National Grid by 20.3% in the 2nd quarter. Bank of Montreal Can now owns 536,784 shares of the utilities provider’s stock valued at $31,005,000 after acquiring an additional 90,722 shares during the period. 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.