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

National Grid (NYSE:NGG) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued 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’s stock. According to MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

National Grid Price Performance

NYSE:NGG traded down $0.54 during trading hours on Monday, reaching $60.73. The company’s stock had a trading volume of 511,375 shares, compared to its average volume of 908,258. The stock has a 50 day moving average price of $59.76 and a two-hundred day moving average price of $63.65. 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 12 month low of $55.13 and a 12 month high of $73.40.

Institutional Investors Weigh In On National Grid

Institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of National Grid by 11.9% during the fourth quarter. FMR LLC now owns 4,462,898 shares of the utilities provider’s stock worth $265,185,000 after purchasing an additional 473,172 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of National Grid by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider’s stock valued at $83,496,000 after acquiring an additional 68,587 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of National Grid in the 4th quarter valued at approximately $67,324,000. Merewether Investment Management LP raised its position in shares of National Grid by 10.3% in the 4th quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider’s stock valued at $62,597,000 after purchasing an additional 98,461 shares during the last quarter. Finally, Ausbil Investment Management Ltd acquired a new stake in National Grid in the 3rd quarter worth approximately $62,421,000. 4.68% of the stock is currently 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.