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

National Grid (NYSE:NGG) was upgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued on Monday, Marketbeat.com reports.

NGG has been the subject of several other research reports. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, National Grid has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NGG stock opened at $63.25 on Monday. The stock has a market capitalization of $61.89 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid has a twelve month low of $54.24 and a twelve month high of $72.21. The stock has a fifty day simple moving average of $60.70 and a two-hundred day simple moving average of $63.24.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NGG. Brucke Financial Inc. purchased a new stake in shares of National Grid during the fourth quarter worth about $226,000. Vise Technologies Inc. raised its position in shares of National Grid by 30.0% in the 4th quarter. Vise Technologies Inc. now owns 11,046 shares of the utilities provider’s stock valued at $656,000 after purchasing an additional 2,550 shares during the last quarter. Squarepoint Ops LLC boosted its stake in National Grid by 193.6% in the 4th quarter. Squarepoint Ops LLC now owns 23,093 shares of the utilities provider’s stock worth $1,372,000 after purchasing an additional 15,228 shares in the last quarter. Two Sigma Investments LP grew its position in National Grid by 8.9% during the 4th quarter. Two Sigma Investments LP now owns 5,100 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 417 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in National Grid by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the utilities provider’s stock valued at $743,000 after purchasing an additional 200 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

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.