National Grid (NYSE:NGG) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of National Grid (NYSE:NGG) from a hold rating to a sell rating in a report published on Monday.

Separately, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

Shares of National Grid stock opened at $60.99 on Monday. National Grid has a 12 month low of $55.13 and a 12 month high of $73.40. 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 business has a fifty day simple moving average of $59.75 and a two-hundred day simple moving average of $63.58.

Institutional Investors Weigh In On National Grid

A number of institutional investors have recently made changes to their positions in NGG. Whipplewood Advisors LLC bought a new position in National Grid in the 4th quarter valued at approximately $25,000. Brown Brothers Harriman & Co. lifted its holdings in shares of National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 198 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of National Grid during the third quarter valued at $37,000. Eastern Bank purchased a new stake in shares of National Grid during the third quarter valued at $42,000. Finally, Larson Financial Group LLC increased its holdings in National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after buying an additional 415 shares in the last quarter. Hedge funds and other institutional investors 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.