National Grid (NYSE:NGG) Upgraded to “Outperform” at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of National Grid (NYSE:NGG) from a market perform rating to an outperform rating in a research report released on Monday, MarketBeat reports.

NGG has been the topic of a number of other reports. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup upgraded shares of 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 five have assigned a buy rating to the company. According to data from MarketBeat, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

NYSE:NGG opened at $63.80 on Monday. The firm’s fifty day moving average price is $61.03 and its 200 day moving average price is $63.21. National Grid has a 1-year low of $54.24 and a 1-year high of $72.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The firm has a market cap of $62.42 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

Institutional Investors Weigh In On National Grid

A number of hedge funds and other institutional investors have recently bought and sold shares of NGG. Whipplewood Advisors LLC acquired a new stake in National Grid in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. lifted its holdings 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 period. Larson Financial Group LLC lifted its holdings in National Grid by 145.6% in 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 period. Rothschild Investment LLC lifted its holdings in National Grid by 36.2% in 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 period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in National Grid in the fourth quarter valued at $53,000. 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.