National Grid (NYSE:NGG) Raised to Hold at StockNews.com

National Grid (NYSE:NGGGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Separately, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, National Grid currently has an average rating of “Moderate Buy”.

View Our Latest Report on National Grid

National Grid Trading Up 2.4 %

NGG stock opened at $60.85 on Friday. The company has a market cap of $59.54 billion, a P/E ratio of 11.70, a PEG ratio of 5.64 and a beta of 0.63. National Grid has a twelve month low of $55.13 and a twelve month high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $60.39 and a 200-day moving average of $63.39.

Institutional Investors Weigh In On National Grid

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NGG. Janney Montgomery Scott LLC increased its holdings in National Grid by 2.2% in the third quarter. Janney Montgomery Scott LLC now owns 90,718 shares of the utilities provider’s stock valued at $6,320,000 after purchasing an additional 1,963 shares during the last quarter. Summit Global Investments increased its holdings in National Grid by 579.9% in the third quarter. Summit Global Investments now owns 45,117 shares of the utilities provider’s stock valued at $3,143,000 after purchasing an additional 38,481 shares during the last quarter. Quantum Private Wealth LLC increased its holdings in National Grid by 31.1% in the third quarter. Quantum Private Wealth LLC now owns 8,376 shares of the utilities provider’s stock valued at $584,000 after purchasing an additional 1,985 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in National Grid by 3.4% in the third quarter. Verdence Capital Advisors LLC now owns 23,729 shares of the utilities provider’s stock valued at $1,653,000 after purchasing an additional 775 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in National Grid by 22.5% in the third quarter. Assetmark Inc. now owns 35,299 shares of the utilities provider’s stock valued at $2,459,000 after purchasing an additional 6,492 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

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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