National Grid Plc ADR (NYSE: NGG) is 21.36% higher on its value in year-to-date trading and has touched a low of $53.57 and a high of $72.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NGG stock was last observed hovering at around $71.48 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $72.11, the stock is 8.95% and 13.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing 0.88% at the moment leaves the stock 13.36% off its SMA200. NGG registered 20.82% gain for a year compared to 6-month loss of 7.37%. The firm has a 50-day simple moving average (SMA 50) of $63.6326 and a 200-day simple moving average (SMA200) of $63.6101.
The stock witnessed a 13.01% gain in the last 1 month and extending the period to 3 months gives it a 21.91%, and is 9.94% 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 2.14% over the week and 2.14% over the month.
National Grid Plc ADR (NGG) has around 31425 employees, a market worth around $70.63B and $24.44B in sales. Current P/E ratio is 26.59 and Fwd P/E is 15.04. Profit margin for the company is 9.35%. Distance from 52-week low is 34.61% and 0.06% 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 -6.09% this year.
National Grid Plc ADR (NGG) Top Institutional Holders
531.0 institutions hold shares in National Grid Plc ADR (NGG), with institutional investors hold 4.54% of the company’s shares. The shares outstanding are 979.42M, and float is at 979.35M with Short Float at 0.11%. Institutions hold 4.54% 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 0.0912% 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 0.0799 of the shares outstanding. The other top investors are FEDERATED HERMES, INC. which holds 2.31 million shares representing 0.0602% and valued at over $131.2 million, while FMR LLC holds 0.0587 of the shares totaling 2.25 million with a market value of $127.81 million.
National Grid Plc ADR (NGG) Insider Activity
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