Several other research analysts also recently weighed in on the stock. UBS upgraded shares of National Grid from a sell rating to a neutral rating in a research report on Wednesday, March 14th. BNP Paribas upgraded shares of National Grid from a neutral rating to an outperform rating in a research report on Monday, January 29th. Goldman Sachs upgraded shares of National Grid from a sell rating to a neutral rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of National Grid from a hold rating to a buy rating and set a $65.00 price target on the stock in a research report on Tuesday, January 23rd. Finally, Macquarie upgraded shares of National Grid from a neutral rating to an outperform rating in a research report on Tuesday, December 19th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $67.00.
National Grid stock opened at $54.27 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. National Grid has a 52-week low of $51.44 and a 52-week high of $75.24.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Calton & Associates Inc. purchased a new stake in shares of National Grid in the fourth quarter worth $286,000. Capital International Investors increased its stake in shares of National Grid by 302.5% in the third quarter. Capital International Investors now owns 2,693,566 shares of the utilities provider’s stock worth $168,914,000 after purchasing an additional 2,024,400 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of National Grid by 2.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 180,287 shares of the utilities provider’s stock worth $10,603,000 after purchasing an additional 4,048 shares in the last quarter. D.A. Davidson & CO. grew its stake in National Grid by 26.6% during the fourth quarter. D.A. Davidson & CO. now owns 6,298 shares of the utilities provider’s stock valued at $370,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Sei Investments Co. grew its stake in National Grid by 11.1% during the third quarter. Sei Investments Co. now owns 47,071 shares of the utilities provider’s stock valued at $2,952,000 after acquiring an additional 4,701 shares in the last quarter. 5.36% of the stock is owned by hedge funds and other institutional investors.
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National Grid Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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