National Grid plc (NYSE:NGG - Get Free Report) shares saw strong trading volume on Friday . 725,662 shares changed hands during mid-day trading, an increase of 17% from the previous session's volume of 621,706 shares.The stock last traded at $67.94 and had previously closed at $69.39.
Wall Street Analyst Weigh In
NGG has been the topic of a number of research reports. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on NGG
National Grid Stock Up 4.2 %
The firm has a market cap of $63.95 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The firm's 50-day moving average price is $62.64 and its 200 day moving average price is $62.78. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.
Institutional Investors Weigh In On National Grid
A number of hedge funds have recently made changes to their positions in NGG. Whipplewood Advisors LLC acquired a new stake in National Grid in the 4th quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its stake in shares of 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 increased its holdings in shares of National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 415 shares during the period. Rothschild Investment LLC raised its stake in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 192 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in National Grid in the fourth quarter worth about $53,000. Institutional investors own 4.68% of the company's stock.
About National Grid
(
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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