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

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

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

National Grid Stock Performance

National Grid stock opened at $60.34 on Monday. National Grid has a 12-month low of $55.13 and a 12-month high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $59.74 and its two-hundred day moving average price is $63.63.

Institutional Trading of National Grid

A number of hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 174 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 175 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after purchasing an additional 196 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake 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. 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.