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

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

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

National Grid Price Performance

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NGG. Whipplewood Advisors LLC bought a new stake in shares of National Grid during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. boosted its stake in National Grid by 67.6% in the 4th 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 period. Fortitude Family Office LLC bought a new position in National Grid during the 3rd quarter worth about $37,000. Larson Financial Group LLC raised its stake 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 during the period. Finally, Rothschild Investment LLC raised 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 period. Institutional investors own 4.68% of the company’s stock.

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.