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

National Grid (NYSE:NGG - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Tuesday.

A number of other research firms have also commented on NGG. Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Citigroup upgraded 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.com, National Grid presently has a consensus rating of "Moderate Buy".

National Grid Trading Down 0.3 %

Shares of NYSE NGG traded down $0.20 during trading on Tuesday, reaching $72.06. The company had a trading volume of 548,231 shares, compared to its average volume of 676,399. The company's fifty day moving average price is $65.13 and its 200-day moving average price is $62.98. National Grid has a 12 month low of $54.24 and a 12 month high of $74.82. The stock has a market cap of $70.51 billion, a P/E ratio of 13.86, a PEG ratio of 5.64 and a beta of 0.58. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

Institutional Investors Weigh In On National Grid

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in shares of National Grid by 11.9% during the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock valued at $265,185,000 after purchasing an additional 473,172 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 purchasing an additional 68,587 shares in the last quarter. Raymond James Financial Inc. bought a new position in National Grid in the fourth quarter worth approximately $67,324,000. Merewether Investment Management LP grew its stake in National Grid by 10.3% in the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock valued at $62,597,000 after acquiring an additional 98,461 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of National Grid by 3.3% during the fourth quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider's stock valued at $46,441,000 after acquiring an additional 25,082 shares in the last quarter. 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.