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

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

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

National Grid Stock Down 0.2 %

Shares of National Grid stock opened at $62.60 on Tuesday. National Grid has a 52 week low of $55.13 and a 52 week high of $73.40. The business has a 50 day moving average price of $60.04 and a 200-day moving average price of $63.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.

Institutional Trading of National Grid

Several institutional investors and hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in shares of National Grid during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. increased its position in shares of National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 198 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of National Grid during the third quarter valued at approximately $37,000. Larson Financial Group LLC increased its position in shares of National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 415 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

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.