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

StockNews.com downgraded shares of National Grid (NYSE:NGG) from a hold rating to a sell rating in a research note released on Monday.

Separately, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

National Grid Trading Down 0.9 %

Shares of NYSE:NGG opened at $60.73 on Monday. 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 52 week low of $55.13 and a 52 week high of $73.40. The business has a fifty day simple moving average of $59.76 and a 200-day simple moving average of $63.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in shares of National Grid during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its stake in shares of National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 198 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of National Grid in the third quarter worth about $37,000. Eastern Bank acquired a new position in shares of National Grid in the third quarter worth about $42,000. Finally, Larson Financial Group LLC lifted its stake in shares of National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 415 shares in the last quarter. Institutional investors and hedge funds 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.