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

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

Separately, Citigroup raised 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 given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

National Grid Stock Up 1.0 %

NGG stock opened at $60.99 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid has a 1 year low of $55.13 and a 1 year high of $73.40. The stock’s fifty day moving average price is $59.75 and its 200-day moving average price is $63.58.

Institutional Trading of National Grid

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after buying an additional 1,739,566 shares in the last quarter. Raymond James Financial Inc. purchased a new position in National Grid during the fourth quarter valued at approximately $67,324,000. Merewether Investment Management LP bought a new position in shares of National Grid in the third quarter worth approximately $66,535,000. Ausbil Investment Management Ltd bought a new stake in shares of National Grid during the 3rd quarter valued at $62,421,000. Finally, Mediolanum International Funds Ltd purchased a new position in shares of National Grid during the 3rd quarter valued at $38,021,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

About National Grid

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.