National Grid plc (NYSE:NGG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of National Grid plc (NYSE:NGG) have earned a consensus rating of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation.

A number of equities analysts recently commented on NGG shares. Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th.

Hedge Funds Weigh In On National Grid

A number of institutional investors and hedge funds have recently modified their holdings of NGG. Whipplewood Advisors LLC acquired a new position in National Grid in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. boosted its stake in National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 198 shares in the last quarter. Larson Financial Group LLC boosted its stake in National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC boosted its stake in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in National Grid in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Performance

NYSE:NGG opened at $63.77 on Monday. The company has a fifty day simple moving average of $61.33 and a two-hundred day simple moving average of $63.20. The company has a market cap of $62.39 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid has a 52 week low of $54.24 and a 52 week high of $72.21.

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.