National Grid (NYSE:NGG) Lowered to “Neutral” Rating by UBS Group

UBS Group cut shares of National Grid (NYSE:NGG) from a buy rating to a neutral rating in a research report released on Tuesday morning, Marketbeat reports.

NGG has been the topic of several other research reports. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. StockNews.com cut shares of National Grid from a “hold” rating to a “sell” rating in a research report on Tuesday, April 22nd. Finally, Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

National Grid Stock Up 0.2 %

NGG opened at $73.02 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The firm has a market cap of $71.45 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 5.64 and a beta of 0.58. National Grid has a twelve month low of $54.24 and a twelve month high of $74.82. The firm’s 50-day simple moving average is $65.61 and its 200-day simple moving average is $63.09.

Institutional Investors Weigh In On National Grid

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in National Grid during the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in National Grid in the 1st quarter valued at about $28,000. Brown Brothers Harriman & Co. lifted its holdings in National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 198 shares during the last quarter. SJS Investment Consulting Inc. acquired a new stake in shares of National Grid during the first quarter worth $29,000. Finally, Larson Financial Group LLC raised its stake 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 purchasing an additional 415 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

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.