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

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

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

National Grid Stock Down 1.7 %

Shares of NYSE:NGG opened at $61.50 on Tuesday. National Grid has a 52-week low of $55.13 and a 52-week high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The stock’s 50-day moving average is $60.12 and its 200-day moving average is $63.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NGG. Pathstone Holdings LLC grew its position in National Grid by 46.0% during the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after buying an additional 11,402 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of National Grid in the 3rd quarter worth approximately $1,624,000. Natixis Advisors LLC grew its holdings in shares of National Grid by 51.9% during the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after purchasing an additional 38,123 shares in the last quarter. Icon Wealth Advisors LLC increased its position in shares of National Grid by 1,620.2% during the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock valued at $2,681,000 after purchasing an additional 36,243 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of National Grid by 351.1% in the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock valued at $14,429,000 after purchasing an additional 161,204 shares in the last quarter. Institutional investors 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.