National Grid Plc ADR (NYSE: NGG) is 21.00% higher on its value in year-to-date trading and has touched a low of $55.13 and a high of $74.82 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 $71.39 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $71.90, the stock is 0.39% and 3.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 0.71% at the moment leaves the stock 10.51% off its SMA200. NGG registered 30.62% gain for a year compared to 6-month gain of 14.44%. The firm has a 50-day simple moving average (SMA 50) of $69.4962 and a 200-day simple moving average (SMA200) of $65.0264.
The stock witnessed a 0.35% loss in the last 1 month and extending the period to 3 months gives it a 16.49%, and is -3.86% down 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 1.54% over the week and 1.90% over the month.
National Grid Plc ADR (NGG) has around 31654 employees, a market worth around $70.48B and $23.43B in sales. Current P/E ratio is 18.74 and Fwd P/E is 12.83. Profit margin for the company is 15.76%. Distance from 52-week low is 30.42% and -3.90% from its 52-week high. The company has generated returns on investments over the last 12 months (3.55%).
The EPS is expected to grow by 38.67% this year.
National Grid Plc ADR (NGG) Top Institutional Holders
550.0 institutions hold shares in National Grid Plc ADR (NGG), with institutional investors hold 5.30% of the company’s shares. The shares outstanding are 980.25M, and float is at 980.17M with Short Float at 0.21%. Institutions hold 5.30% 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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