National Grid (NYSE:NGG) Stock Rating Upgraded by StockNews.com

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

Separately, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NGG opened at $62.17 on Tuesday. National Grid has a 12 month low of $55.13 and a 12 month high of $73.40. The firm has a fifty day simple moving average of $59.88 and a 200 day simple moving average of $63.56. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in National Grid during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. lifted its stake in National Grid by 67.6% in 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 bought a new position in shares of National Grid in the 3rd quarter valued at about $37,000. Larson Financial Group LLC increased its stake in shares of National Grid by 145.6% during the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 415 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares during 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.