National Grid (NYSE:NGG) Sets New 12-Month High at $73.29

Shares of National Grid plc (NYSE:NGG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $73.29 and last traded at $73.29, with a volume of 1010 shares. The stock had previously closed at $72.80.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group raised shares of National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,165.00.

National Grid Trading Up 0.8 %

The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. The firm has a fifty day simple moving average of $67.59 and a 200 day simple moving average of $66.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in shares of National Grid by 22.7% in the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 153 shares during the period. NBC Securities Inc. raised its holdings in National Grid by 3.5% in the fourth quarter. NBC Securities Inc. now owns 4,514 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 154 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of National Grid by 4.5% during the first quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock valued at $251,000 after buying an additional 160 shares during the last quarter. Dearborn Partners LLC boosted its holdings in shares of National Grid by 3.8% in the 3rd quarter. Dearborn Partners LLC now owns 4,803 shares of the utilities provider’s stock valued at $291,000 after buying an additional 177 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in shares of National Grid by 14.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock valued at $98,000 after buying an additional 183 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.