Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid (NYSE:NGG – Free Report) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued a buy rating on the utilities provider’s stock.
Separately, The Goldman Sachs Group upgraded National Grid from a neutral rating to a buy rating in a report on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, National Grid has a consensus rating of Moderate Buy.
Check Out Our Latest Report on National Grid
National Grid Price Performance
Hedge Funds Weigh In On National Grid
Institutional investors and hedge funds have recently bought and sold shares of the stock. RFP Financial Group LLC increased its position in National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 200 shares during the period. Headlands Technologies LLC acquired a new stake in National Grid during the first quarter worth $27,000. Richardson Financial Services Inc. acquired a new stake in National Grid during the first quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in National Grid during the fourth quarter worth $29,000. Finally, Bessemer Group Inc. acquired a new stake in National Grid during the first quarter worth $29,000. Institutional investors own 4.68% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than National Grid
- Why Are Stock Sectors Important to Successful Investing?
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- MarketBeat Week in Review – 9/30 – 10/4
- How to Start Investing in Real Estate
- Top Streaming Companies: Who’s Winning the Battle?
Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.