National Grid plc (NYSE:NGG - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $63.93, but opened at $65.63. National Grid shares last traded at $65.84, with a volume of 231,983 shares trading hands.
Wall Street Analysts Forecast Growth
NGG has been the subject of a number of analyst reports. Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Finally, StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, National Grid has an average rating of "Moderate Buy".
View Our Latest Analysis on National Grid
National Grid Price Performance
The business's fifty day simple moving average is $62.04 and its 200 day simple moving average is $62.96. The firm has a market capitalization of $64.44 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of National Grid by 11.9% in the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after purchasing an additional 473,172 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of National Grid by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock valued at $83,496,000 after buying an additional 68,587 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of National Grid during the fourth quarter valued at about $67,324,000. Merewether Investment Management LP increased its position in shares of National Grid by 10.3% during the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock worth $62,597,000 after acquiring an additional 98,461 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of National Grid by 3.3% in the 4th quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider's stock worth $46,441,000 after acquiring an additional 25,082 shares during 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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