National Grid (NYSE:NGG - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Wednesday.
A number of other equities analysts have also recently issued reports on the stock. 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. Citigroup upgraded shares of National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. Finally, UBS Group lowered shares of National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Research Report on National Grid
National Grid Stock Up 0.1 %
NYSE:NGG traded up $0.06 during trading hours on Wednesday, reaching $71.71. 514,642 shares of the company traded hands, compared to its average volume of 684,615. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The business's 50-day moving average price is $66.21 and its two-hundred day moving average price is $63.23. National Grid has a 1 year low of $54.24 and a 1 year high of $74.82. The stock has a market capitalization of $70.16 billion, a P/E ratio of 13.79, a P/E/G ratio of 5.64 and a beta of 0.58.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Bailard Inc. grew its position in National Grid by 4.5% in the 1st quarter. Bailard Inc. now owns 8,099 shares of the utilities provider's stock worth $531,000 after purchasing an additional 346 shares during the period. Graypoint LLC purchased a new position in shares of National Grid in the 1st quarter worth $213,000. Verdence Capital Advisors LLC grew its holdings in shares of National Grid by 9.5% in the first quarter. Verdence Capital Advisors LLC now owns 26,195 shares of the utilities provider's stock worth $1,719,000 after acquiring an additional 2,270 shares during the period. Mayflower Financial Advisors LLC increased its position in National Grid by 4.0% during 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 during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in National Grid by 2.8% in the first quarter. SBI Securities Co. Ltd. now owns 11,503 shares of the utilities provider's stock valued at $755,000 after acquiring an additional 313 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.
National Grid Company Profile
(
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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