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

National Grid (NYSE:NGG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Other research analysts have also issued research reports about the stock. UBS Group lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Stock Down 1.8 %

National Grid stock opened at $71.67 on Wednesday. National Grid has a 52 week low of $54.24 and a 52 week high of $74.82. The stock has a market cap of $70.13 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 5.64 and a beta of 0.58. The company’s 50-day moving average price is $66.03 and its two-hundred day moving average price is $63.20. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

Institutional Investors Weigh In On National Grid

A number of institutional investors and hedge funds have recently modified their holdings of the stock. World Investment Advisors LLC purchased a new stake in shares of National Grid during the third quarter valued at $522,000. Wilmington Savings Fund Society FSB acquired a new stake in National Grid during the 3rd quarter worth about $312,000. Franklin Resources Inc. purchased a new stake in National Grid during the third quarter valued at about $316,000. GAMMA Investing LLC boosted its holdings in shares of National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after buying an additional 224 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of National Grid by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider’s stock worth $720,000 after acquiring an additional 275 shares in 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.