National Grid (NYSE:NGG) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of National Grid (NYSE:NGGFree Report) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other equities analysts have also commented on the stock. BNP Paribas upgraded shares of National Grid from an underperform rating to an outperform rating in a research report on Tuesday. UBS Group upgraded shares of National Grid from a neutral rating to a buy rating in a research report on Monday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a hold rating to a buy rating in a research report on Tuesday, January 16th. Finally, Jefferies Financial Group upgraded shares of National Grid from a hold rating to a buy rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $1,201.67.

Check Out Our Latest Report on National Grid

National Grid Price Performance

Shares of NYSE:NGG opened at $68.16 on Wednesday. National Grid has a 1-year low of $56.40 and a 1-year high of $74.48. The company’s fifty day moving average is $66.92 and its two-hundred day moving average is $65.14. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.

Hedge Funds Weigh In On National Grid

A number of institutional investors and hedge funds have recently bought and sold shares of NGG. FMR LLC grew its position in National Grid by 23.9% in the 3rd quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock valued at $99,962,000 after buying an additional 318,533 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of National Grid by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,613,446 shares of the utilities provider’s stock valued at $124,025,000 after purchasing an additional 242,081 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of National Grid by 8.1% during the 4th quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock valued at $200,281,000 after purchasing an additional 220,504 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of National Grid by 55.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 617,798 shares of the utilities provider’s stock valued at $41,596,000 after purchasing an additional 219,907 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of National Grid by 21.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider’s stock valued at $73,710,000 after purchasing an additional 214,919 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Company Profile

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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.

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Analyst Recommendations for National Grid (NYSE:NGG)

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