StockNews.com Downgrades National Grid (NYSE:NGG) to Sell

National Grid (NYSE:NGG) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on NGG. Citigroup restated a “neutral” rating on shares of National Grid in a research report on Tuesday, May 6th. UBS Group cut National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. Finally, Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

National Grid Trading Up 1.8%

NGG stock opened at $71.32 on Friday. The company has a market cap of $69.78 billion, a P/E ratio of 13.72, a PEG ratio of 5.64 and a beta of 0.63. National Grid has a twelve month low of $54.24 and a twelve month high of $74.82. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $67.92 and a 200-day moving average of $63.46.

Institutional Investors Weigh In On National Grid

A number of institutional investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in National Grid in the fourth quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in National Grid in the first quarter valued at about $28,000. Brown Brothers Harriman & Co. grew its stake 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. SJS Investment Consulting Inc. acquired a new position in National Grid in the first quarter valued at about $29,000. Finally, Larson Financial Group LLC grew its stake 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. 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.