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

National Grid plc (NYSE:NGG) has received an average rating of “Buy” from the five brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation.

A number of equities analysts have recently issued reports on NGG shares. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating for the company. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st.

Institutional Trading of National Grid

Large investors have recently made changes to their positions in the business. Moors & Cabot Inc. boosted its stake in National Grid by 3.2% during the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 175 shares during the last quarter. Profund Advisors LLC raised its holdings in National Grid by 3.0% in the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 203 shares during the period. Carr Financial Group Corp boosted its position in shares of National Grid by 3.9% during the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 205 shares in the last quarter. Concord Wealth Partners boosted its position in shares of National Grid by 11.2% during the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 206 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 2.0 %

NYSE:NGG opened at $61.48 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid has a 12-month low of $55.13 and a 12-month high of $73.40. The firm has a 50-day moving average price of $60.23 and a 200 day moving average price of $63.76.

National Grid Dividend Announcement

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

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.