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

StockNews.com lowered shares of National Grid (NYSE:NGG) from a hold rating to a sell rating in a research report released on Friday.

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

National Grid Stock Performance

NGG opened at $71.32 on Friday. The firm has a market capitalization of $69.78 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The stock’s 50 day moving average price is $67.92 and its two-hundred day moving average price is $63.47. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid has a 12-month low of $54.24 and a 12-month high of $74.82.

Institutional Investors Weigh In On National Grid

A number of institutional investors have recently made changes to their positions in NGG. RNC Capital Management LLC lifted its holdings in National Grid by 19.4% during the first quarter. RNC Capital Management LLC now owns 5,050 shares of the utilities provider’s stock worth $331,000 after acquiring an additional 822 shares in the last quarter. Guardian Partners Inc. lifted its holdings in National Grid by 0.5% during the first quarter. Guardian Partners Inc. now owns 170,671 shares of the utilities provider’s stock worth $12,239,000 after acquiring an additional 808 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in National Grid by 4.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,012,862 shares of the utilities provider’s stock worth $132,064,000 after acquiring an additional 94,839 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in National Grid by 12.5% during the first quarter. NewEdge Advisors LLC now owns 8,767 shares of the utilities provider’s stock worth $575,000 after acquiring an additional 971 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in National Grid by 79.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,966 shares of the utilities provider’s stock worth $2,360,000 after acquiring an additional 15,873 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.