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

Shares of National Grid plc (NYSE:NGG) have been given a consensus recommendation of “Buy” by the five research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating.

NGG has been the subject of several analyst reports. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research report on Wednesday, October 2nd. They issued a “buy” rating for the company.

National Grid Stock Up 1.1 %

NGG stock opened at $60.72 on Tuesday. 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 business has a 50 day simple moving average of $60.31 and a 200-day simple moving average of $63.75. National Grid has a 1 year low of $55.13 and a 1 year high of $73.40.

National Grid Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, November 22nd were given a $2.4939 dividend. The ex-dividend date was Friday, November 22nd. This represents a yield of 4%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its stake in National Grid by 46.0% during the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after purchasing an additional 11,402 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of National Grid in the third quarter valued at $1,624,000. Icon Wealth Advisors LLC raised its stake in shares of National Grid by 1,620.2% in the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock valued at $2,681,000 after acquiring an additional 36,243 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of National Grid by 51.9% in the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after acquiring an additional 38,123 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of National Grid by 351.1% in the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock valued at $14,429,000 after acquiring an additional 161,204 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

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.