National Grid (NYSE:NGG - Get Free Report) was upgraded by analysts at Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Tuesday, Marketbeat.com reports.
Separately, Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
View Our Latest Stock Analysis on National Grid
National Grid Price Performance
National Grid stock traded up $2.07 during midday trading on Tuesday, reaching $61.60. 2,218,967 shares of the stock were exchanged, compared to its average volume of 924,113. National Grid has a 52 week low of $55.13 and a 52 week high of $73.40. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company's fifty day moving average is $60.38 and its 200-day moving average is $63.76.
Institutional Trading of National Grid
Hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC purchased a new stake in National Grid during the third quarter valued at about $37,000. Eastern Bank purchased a new position in shares of National Grid during the 3rd quarter valued at about $42,000. Quantbot Technologies LP bought a new stake in National Grid in the 3rd quarter worth approximately $60,000. Addison Advisors LLC boosted its stake in National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider's stock worth $69,000 after buying an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in National Grid by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider's stock valued at $70,000 after acquiring an additional 314 shares during the last quarter. 4.68% of the stock is owned by 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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