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

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 on Tuesday.

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 given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

National Grid Stock Down 0.2 %

Shares of NYSE NGG opened at $62.60 on Tuesday. The stock has a fifty day simple moving average of $60.04 and a two-hundred day simple moving average of $63.55. National Grid has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.

Hedge Funds Weigh In On National Grid

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC boosted its holdings in shares of National Grid by 46.0% in the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after acquiring an additional 11,402 shares during the period. XTX Topco Ltd bought a new position in shares of National Grid in the third quarter worth $1,624,000. Natixis Advisors LLC boosted its holdings in shares of National Grid by 51.9% in the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after acquiring an additional 38,123 shares during the period. Icon Wealth Advisors LLC boosted its holdings in shares of National Grid by 1,620.2% in the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after acquiring an additional 36,243 shares during the period. Finally, National Bank of Canada FI boosted its holdings 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 worth $14,429,000 after acquiring an additional 161,204 shares during the period. 4.68% of the stock is owned by institutional investors.

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.