National Grid (NYSE:NGG) Stock Rating Upgraded by StockNews.com

National Grid (NYSE:NGG) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

National Grid Price Performance

Shares of NYSE:NGG opened at $60.85 on Friday. National Grid has a 1-year low of $55.13 and a 1-year high of $73.40. The firm has a market capitalization of $59.54 billion, a PE ratio of 11.70, a PEG ratio of 5.64 and a beta of 0.63. The business’s 50 day moving average is $60.39 and its 200-day moving average is $63.39. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

Institutional Trading of National Grid

Institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new stake in National Grid in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. boosted its stake in National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 198 shares in the last quarter. Larson Financial Group LLC boosted its stake in National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC boosted its stake in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in National Grid in the third quarter worth $60,000. Institutional investors and hedge funds 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.