StockNews.com Downgrades National Grid (NYSE:NGG) 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 to investors on Monday.

Separately, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NYSE:NGG traded down $0.54 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 company has a 50-day simple moving average of $59.76 and a 200 day simple moving average 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 52-week low of $55.13 and a 52-week high of $73.40.

Institutional Investors Weigh In On National Grid

Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in National Grid by 11.9% in 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in National Grid by 5.1% during the 4th 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 during the period. Raymond James Financial Inc. bought a new position in National Grid in the 4th quarter valued at $67,324,000. Merewether Investment Management LP lifted its position in shares of National Grid by 10.3% during the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider’s stock worth $62,597,000 after purchasing an additional 98,461 shares during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new position in National Grid in the 3rd quarter worth about $62,421,000. Institutional investors own 4.68% of the company’s stock.

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.