StockNews.com upgraded shares of National Grid (NYSE:NGG - Free Report) from a sell rating to a hold rating in a research report released 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 issued a buy rating to the company. According to data from MarketBeat.com, National Grid presently has an average rating of "Moderate Buy".
Check Out Our Latest Report on NGG
National Grid Price Performance
Shares of NYSE NGG traded up $0.15 during midday trading on Friday, reaching $62.29. 696,028 shares of the company were exchanged, compared to its average volume of 734,957. National Grid has a one year low of $55.13 and a one year high of $73.40. The stock has a market cap of $60.94 billion, a P/E ratio of 11.98, a PEG ratio of 5.64 and a beta of 0.63. 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 stock's 50-day moving average price is $60.45 and its 200-day moving average price is $63.36.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in National Grid by 77.3% during the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after acquiring an additional 1,739,566 shares during the period. Raymond James Financial Inc. bought a new stake in National Grid in the 4th quarter valued at about $67,324,000. Merewether Investment Management LP bought a new position in shares of National Grid in the third quarter worth $66,535,000. ABC Arbitrage SA purchased a new stake in National Grid during the 4th quarter worth about $21,706,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in National Grid by 5,134.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 330,706 shares of the utilities provider's stock valued at $19,651,000 after buying an additional 324,388 shares in the last quarter. Institutional investors own 4.68% of the company's stock.
About National Grid
(
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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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