Citigroup Reiterates Neutral Rating for National Grid (NYSE:NGG)

Citigroup restated their neutral rating on shares of National Grid (NYSE:NGG - Free Report) in a research report report published on Tuesday, MarketBeat.com reports.

NGG has been the topic of a number of other research reports. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, UBS Group lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".

National Grid Price Performance

NGG stock traded up $0.50 on Tuesday, reaching $70.68. The company had a trading volume of 875,490 shares, compared to its average volume of 693,896. The company's fifty day moving average is $67.16 and its 200 day moving average is $63.37. The company has a market cap of $69.16 billion, a P/E ratio of 13.59, a PEG ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid has a 1 year low of $54.24 and a 1 year high of $74.82.

Institutional Trading of National Grid

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NGG. Mayflower Financial Advisors LLC grew its position in National Grid by 4.0% in the first quarter. Mayflower Financial Advisors LLC now owns 3,649 shares of the utilities provider's stock valued at $239,000 after acquiring an additional 140 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of National Grid by 13.9% in the first quarter. First Horizon Advisors Inc. now owns 1,227 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 150 shares during the period. Sage Rhino Capital LLC grew its holdings in National Grid by 3.6% during the 1st quarter. Sage Rhino Capital LLC now owns 4,524 shares of the utilities provider's stock valued at $297,000 after purchasing an additional 156 shares in the last quarter. Gradient Investments LLC increased its stake in National Grid by 2.0% during the 1st quarter. Gradient Investments LLC now owns 8,156 shares of the utilities provider's stock worth $535,000 after buying an additional 163 shares during the period. Finally, Barry Investment Advisors LLC lifted its holdings in National Grid by 1.9% in the 1st quarter. Barry Investment Advisors LLC now owns 9,246 shares of the utilities provider's stock worth $607,000 after buying an additional 172 shares in the last quarter. Hedge funds and other 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.