National Grid (NYSE:NGG - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.
Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded National Grid from a "hold" rating to a "buy" rating in a research report on Tuesday, January 16th. UBS Group raised National Grid from a "neutral" rating to a "buy" rating in a research note on Monday, December 11th. BNP Paribas raised National Grid from an "underperform" rating to an "outperform" rating in a research report on Tuesday. Finally, Jefferies Financial Group upgraded National Grid from a "hold" rating to a "buy" rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,201.67.
View Our Latest Research Report on NGG
National Grid Price Performance
NYSE NGG traded up $0.14 on Wednesday, hitting $68.16. 247,262 shares of the stock traded hands, compared to its average volume of 415,148. The stock has a 50-day moving average of $66.92 and a 200 day moving average of $65.14. National Grid has a twelve month low of $56.40 and a twelve month high of $74.48. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43.
Institutional Investors Weigh In On National Grid
Hedge funds and other institutional investors have recently made changes to their positions in the business. Creekmur Asset Management LLC acquired a new stake in National Grid during the fourth quarter worth about $29,000. Fairfield Bush & CO. bought a new position in shares of National Grid in the first quarter valued at approximately $36,000. Tower Research Capital LLC TRC raised its stake in shares of National Grid by 57.0% in the first quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 240 shares during the last quarter. Cetera Trust Company N.A bought a new position in National Grid in the 4th quarter worth approximately $51,000. Finally, Exchange Traded Concepts LLC bought a new position in National Grid in the 3rd quarter worth approximately $52,000. 4.68% of the stock is owned by institutional investors and hedge funds.
National Grid Company Profile
(
Get Free Report)
National Grid plc transmits and distributes electricity and gas. The company 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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