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 released on Tuesday.
A number of other equities research analysts also recently weighed in on NGG. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Get Our Latest Stock Analysis on National Grid
National Grid Price Performance
National Grid stock traded down $0.20 during mid-day trading on Tuesday, hitting $72.06. 548,231 shares of the company traded hands, compared to its average volume of 673,113. National Grid has a one year low of $54.24 and a one year high of $74.82. 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 stock has a market cap of $70.51 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The stock has a fifty day moving average price of $64.90 and a 200-day moving average price of $62.97.
Institutional Trading of National Grid
Institutional investors and hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC purchased a new stake in shares of National Grid in the 4th quarter worth about $25,000. Golden State Wealth Management LLC bought a new stake in National Grid in the 1st quarter worth about $28,000. SJS Investment Consulting Inc. bought a new stake in shares of National Grid in the first quarter worth approximately $29,000. Brown Brothers Harriman & Co. raised its stake in National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after buying an additional 198 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 415 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.
About National Grid
(
Get Free Report)
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.
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