Sanford C. Bernstein Upgrades National Grid (NYSE:NGG) to "Outperform"

Sanford C. Bernstein upgraded shares of National Grid (NYSE:NGG - Free Report) from a market perform rating to an outperform rating in a research report released on Monday morning, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the company. StockNews.com raised National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, National Grid has a consensus rating of "Moderate Buy".

National Grid Stock Down 2.0 %

Shares of NGG stock traded down $1.31 during trading hours on Monday, hitting $63.77. 697,516 shares of the company's stock traded hands, compared to its average volume of 606,199. 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 fifty day simple moving average is $61.17 and its two-hundred day simple moving average is $63.22. National Grid has a 12-month low of $54.24 and a 12-month high of $72.21. The stock has a market cap of $62.39 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 5.64 and a beta of 0.63.

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Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new stake in National Grid in the 3rd quarter worth about $566,000. Oppenheimer & Co. Inc. bought a new stake in shares of National Grid in the third quarter worth approximately $250,000. Natixis Advisors LLC grew its stake in shares of National Grid by 51.9% in the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider's stock worth $7,770,000 after acquiring an additional 38,123 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of National Grid during the third quarter valued at approximately $248,000. Finally, AMG National Trust Bank bought a new position in National Grid during the third quarter valued at approximately $1,122,000. Hedge funds and other institutional investors own 4.68% of the company's stock.

About National Grid

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.