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New Big Money Means National Grid Plc ADR (NGG) Investors Could Reap Benefit

National Grid Plc ADR (NYSE: NGG) is -0.87% lower on its value in year-to-date trading and has touched a low of $53.57 and a high of $71.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NGG stock was last observed hovering at around $62.83 in the last trading session, with the day’s gains setting it 0.5%.

Currently trading at $63.33, the stock is -0.25% and -3.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing 0.80% at the moment leaves the stock -0.35% off its SMA200. NGG registered 2.58% gain for a year compared to 6-month gain of 16.02%. The firm has a 50-day simple moving average (SMA 50) of $66.0258 and a 200-day simple moving average (SMA200) of $65.0541.

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The stock witnessed a -2.75% loss in the last 1 month and extending the period to 3 months gives it a -4.49%, and is 0.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.99% over the week and 1.12% over the month.

National Grid Plc ADR (NGG) has around 31425 employees, a market worth around $61.89B and $24.44B in sales. Current P/E ratio is 23.35 and Fwd P/E is 13.06. Profit margin for the company is 9.35%. Distance from 52-week low is 18.22% and -11.34% from its 52-week high. The company has generated returns on investments over the last 12 months (2.18%).

The EPS is expected to shrink by -5.27% this year

551.0 institutions hold shares in National Grid Plc ADR (NGG), with institutional investors hold 4.62% of the company’s shares. The shares outstanding are 977.21M, and float is at 977.13M with Short Float at 0.06%. Institutions hold 4.62% of the Float.

The top institutional shareholder in the company is BANK OF AMERICA CORP /DE/ with over 3.5 million shares valued at $198.76 million. The investor’s holdings represent 0.0948 of the NGG Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 3.07 million shares valued at $174.14 million to account for 0.083 of the shares outstanding. The other top investors are FEDERATED HERMES, INC. which holds 2.31 million shares representing 0.0626 and valued at over $131.2 million, while FMR LLC holds 0.0609 of the shares totaling 2.25 million with a market value of $127.81 million.

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