National Grid (NYSE:NGG) Upgraded at StockNews.com

StockNews.com upgraded shares of National Grid (NYSE:NGG) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Separately, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

National Grid Stock Down 1.7 %

Shares of NYSE:NGG opened at $61.50 on Tuesday. National Grid has a 1 year low of $55.13 and a 1 year high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $60.12 and a 200 day simple moving average of $63.54.

Institutional Investors Weigh In On National Grid

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its position in National Grid by 11.9% during the fourth quarter. FMR LLC now owns 4,462,898 shares of the utilities provider’s stock worth $265,185,000 after buying an additional 473,172 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of National Grid by 5.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider’s stock worth $83,496,000 after acquiring an additional 68,587 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of National Grid during the 4th quarter valued at about $67,324,000. Merewether Investment Management LP raised its stake in shares of National Grid by 10.3% in the 4th quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider’s stock valued at $62,597,000 after acquiring an additional 98,461 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in 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 purchasing an additional 25,082 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Company Profile

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.