National Grid plc (NYSE:NGG - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $65.78, but opened at $70.30. National Grid shares last traded at $69.89, with a volume of 300,907 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on NGG. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. StockNews.com raised National Grid from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".
View Our Latest Report on NGG
National Grid Stock Performance
The firm has a market cap of $62.00 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The firm's 50 day moving average is $62.56 and its 200-day moving average is $62.83. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.
Institutional Trading of National Grid
Several large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in shares of National Grid in the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. raised its holdings in National Grid by 67.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after acquiring an additional 198 shares during the period. Larson Financial Group LLC lifted its position in National Grid by 145.6% during the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock worth $42,000 after acquiring an additional 415 shares during the last quarter. Rothschild Investment LLC boosted its holdings in 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 acquiring an additional 192 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of National Grid in the fourth quarter valued at about $53,000. 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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