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

StockNews.com upgraded shares of National Grid (NYSE:NGG) from a sell rating to a hold rating in a research note published on Friday morning.

Separately, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Stock Up 2.4 %

NYSE NGG opened at $60.85 on Friday. 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 company has a market cap of $59.54 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 5.64 and a beta of 0.63. The company has a 50 day moving average of $60.39 and a 200-day moving average of $63.40. National Grid has a 1-year low of $55.13 and a 1-year high of $73.40.

Hedge Funds Weigh In On National Grid

Several hedge funds and other institutional investors have recently made changes to their positions in NGG. Whipplewood Advisors LLC acquired a new stake in shares of National Grid during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its stake in National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 198 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of National Grid in the 3rd quarter valued at $60,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

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.