Shares of National Grid plc (NYSE:NGG - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $74.82 and last traded at $74.39, with a volume of 1466652 shares. The stock had previously closed at $72.90.
Wall Street Analyst Weigh In
NGG has been the subject of several research reports. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. Finally, StockNews.com lowered shares of National Grid from a "hold" rating to a "sell" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".
Read Our Latest Analysis on NGG
National Grid Stock Performance
The company has a market cap of $70.85 billion, a P/E ratio of 13.95, a P/E/G ratio of 5.64 and a beta of 0.58. The firm has a 50 day moving average price of $65.13 and a 200-day moving average price of $62.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.
Institutional Investors Weigh In On National Grid
Several institutional investors and hedge funds have recently added to or reduced their stakes in NGG. FMR LLC raised its position in shares of National Grid by 11.9% in the fourth quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock valued at $265,185,000 after purchasing an additional 473,172 shares during the period. JPMorgan Chase & Co. grew its stake in National Grid by 5.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock valued at $83,496,000 after buying an additional 68,587 shares during the last quarter. Raymond James Financial Inc. bought a new position in National Grid in the 4th quarter worth $67,324,000. Merewether Investment Management LP raised its holdings in National Grid by 10.3% in the 4th quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock worth $62,597,000 after acquiring an additional 98,461 shares during the period. Finally, LPL Financial LLC lifted its position in National Grid by 3.3% during the 4th quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider's stock worth $46,441,000 after acquiring an additional 25,082 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.
About National Grid
(
Get Free Report)
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.
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