National Grid (NYSE:NGG) Upgraded to “Outperform” at BNP Paribas

BNP Paribas upgraded shares of National Grid (NYSE:NGGFree Report) from an underperform rating to an outperform rating in a research note published on Tuesday morning, Marketbeat reports.

A number of other equities analysts have also issued reports on NGG. Jefferies Financial Group raised National Grid from a hold rating to a buy rating in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft raised National Grid from a hold rating to a buy rating in a research note on Tuesday, January 16th. UBS Group raised National Grid from a neutral rating to a buy rating in a research note on Monday, December 11th. Finally, StockNews.com lowered National Grid from a hold rating to a sell rating in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $1,201.67.

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National Grid Price Performance

Shares of NGG stock opened at $68.02 on Tuesday. National Grid has a 12-month low of $56.40 and a 12-month high of $74.48. The business has a 50 day simple moving average of $66.90 and a 200 day simple moving average of $65.11. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.

Institutional Investors Weigh In On National Grid

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. lifted its position in shares of National Grid by 15.7% during the 1st quarter. Harbour Investments Inc. now owns 1,061 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 144 shares during the last quarter. UMB Bank n.a. lifted its position in shares of National Grid by 22.7% during the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 153 shares during the last quarter. NBC Securities Inc. lifted its position in shares of National Grid by 3.5% during the 4th quarter. NBC Securities Inc. now owns 4,514 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 154 shares during the last quarter. Bailard Inc. lifted its position in shares of National Grid by 3.5% during the 3rd quarter. Bailard Inc. now owns 5,088 shares of the utilities provider’s stock valued at $309,000 after acquiring an additional 170 shares during the last quarter. Finally, Concord Wealth Partners lifted its position in shares of National Grid by 9.8% during the 3rd quarter. Concord Wealth Partners now owns 1,922 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

About National Grid

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National Grid plc transmits and distributes electricity and gas. The company 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.

Further Reading

Analyst Recommendations for National Grid (NYSE:NGG)

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