The price of National Grid plc (NYSE:NGG) shares last traded on Wall Street rose 0.86% to $67.91.
Based on available information, 15 analysts follow National Grid plc (NYSE:NGG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.16 and a low of $56.46, we find $76.43. Given the previous closing price of $67.33, this indicates a potential upside of 13.52 percent. NGG stock price is now -2.22% away from the 50-day moving average and 7.79% away from the 200-day moving average. The market capitalization of the company currently stands at $50.39B.
Among analysts, 6 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $73.10 as their price target over the next twelve months.
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 PRIVATE ADVISOR GROUP, LLC during the first quarter worth $1,364,000. LEO BROKERAGE, LLC invested $1,323,000 in shares of NGG during the first quarter. In the first quarter, VICTORY CAPITAL MANAGEMENT INC acquired a new stake in National Grid plc valued at approximately $1,321,000. SUMMIT WEALTH GROUP, LLC acquired a new stake in NGG for approximately $1,177,000. ERGOTELES LLC purchased a new stake in NGG valued at around $1,104,000 in the second quarter. In total, there are 433 active investors with 3.80% ownership of the company’s stock.
A candlestick chart of National Grid plc (NYSE: NGG) showed a price of $67.32 on Monday morning. During the past 12 months, National Grid plc has had a low of $47.22 and a high of $74.48. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 1.00, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $100.39B, which is based on a 14.56 price-to-earnings ratio, a 2.75 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for NGG is $69.45 and a two-hundred day moving average price translates $63.00 for the stock.
The latest earnings results from National Grid plc (NYSE: NGG) was released for Mar, 2023. The net profit margin was 36.00% and return on equity was 31.20% for NGG.
Moreover, the firm recently paid out its quarterly dividend on 08/09/2023. Investors who held shares on 06/02/2023 were paid a $2.3458 dividend. On an annualized basis, this represents a $3.38 dividend and a 4.97% percent yield. There was an ex-dividend date of 06/01/2023 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, New York, National Grid Ventures, and Other 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. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain, as well as sale of renewables projects. The Other segment engages in the 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.
