National Grid (NYSE:NGG) Rating Lowered to Neutral at UBS Group

UBS Group downgraded shares of National Grid (NYSE:NGG) from a buy rating to a neutral rating in a research report report published on Tuesday, MarketBeat Ratings reports.

Several other research firms have also recently commented on NGG. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Finally, StockNews.com cut shares of National Grid from a “hold” rating to a “sell” rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, National Grid currently has an average rating of “Moderate Buy”.

National Grid Trading Down 1.8 %

NYSE NGG opened at $71.67 on Tuesday. The firm has a market cap of $70.13 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 5.64 and a beta of 0.58. 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 firm has a 50 day simple moving average of $66.03 and a 200-day simple moving average of $63.20.

Institutional Trading of National Grid

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in shares of National Grid in the 4th quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in National Grid in the first quarter valued at approximately $28,000. SJS Investment Consulting Inc. purchased a new position in National Grid in the first quarter valued at approximately $29,000. Brown Brothers Harriman & Co. raised its holdings in National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 198 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of National Grid by 145.6% during the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after buying an additional 415 shares during the last quarter. 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.