The stock of National Grid plc (NYSE:NGG) last traded at $63.58, down -1.64% from the previous session.
Data from the available sources indicates that National Grid plc (NYSE:NGG) is covered by 14 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.52 and a low of $50.86, we find $70.25. Given the previous closing price of $64.64, this indicates a potential upside of 8.68 percent. NGG stock price is now 0.75% away from the 50-day moving average and 1.86% away from the 200-day moving average. The market capitalization of the company currently stands at $46.26B.
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In total, 6 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $67.86 as their price target over the next twelve months.
, while ‘JP Morgan’ rates the stock as ‘Overweight’.
A total of 3.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NGG stock. A new stake in National Grid plc shares was purchased by CI PRIVATE WEALTH, LLC during the first quarter worth $5,396,000. HSBC HOLDINGS PLC invested $1,883,000 in shares of NGG during the first quarter. In the first quarter, CANTOR FITZGERALD, L. P. acquired a new stake in National Grid plc valued at approximately $1,322,000. MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in NGG for approximately $1,131,000. PARK PLACE CAPITAL CORP purchased a new stake in NGG valued at around $877,000 in the second quarter. In total, there are 419 active investors with 3.80% ownership of the company’s stock.
With an opening price of $63.83 on Wednesday morning, National Grid plc (NYSE: NGG) set off the trading day. During the past 12 months, National Grid plc has had a low of $47.22 and a high of $80.20. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for NGG is $63.17 and a two-hundred day moving average price translates $62.36 for the stock.
The latest earnings results from National Grid plc (NYSE: NGG) was released for Sep, 2022. The net profit margin was 15.10% and return on equity was 13.90% for NGG.
Moreover, the firm recently paid out its quarterly dividend on 01/11/2023. Investors who held shares on 11/25/2022 were paid a $1.0307 dividend. On an annualized basis, this represents a $3.12 dividend and a 4.91% percent yield. There was an ex-dividend date of 11/23/2022 for this dividend.
National Grid plc(NGG) Company Profile
National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain’s electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.
