National Grid (NYSE:NGG) Stock Rating Lowered by UBS Group

National Grid (NYSE:NGG) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports.

Other analysts have also recently issued reports about the stock. StockNews.com cut shares of National Grid from a “hold” rating to a “sell” rating in a research note on Tuesday, April 22nd. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, National Grid has a consensus rating of “Moderate Buy”.

National Grid Stock Down 0.1 %

NGG stock opened at $73.00 on Tuesday. The business’s 50-day moving average price is $65.84 and its 200-day moving average price is $63.16. The stock has a market cap of $71.43 billion, a P/E ratio of 14.04, 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. National Grid has a twelve month low of $54.24 and a twelve month high of $74.82.

Institutional Investors Weigh In On National Grid

Several large investors have recently made changes to their positions in NGG. World Investment Advisors LLC bought a new stake in National Grid in the 3rd quarter worth approximately $522,000. Wilmington Savings Fund Society FSB purchased a new position in shares of National Grid in the 3rd quarter worth $312,000. Franklin Resources Inc. bought a new stake in shares of National Grid in the 3rd quarter worth about $316,000. GAMMA Investing LLC raised its position in shares of National Grid by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of National Grid by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider’s stock valued at $720,000 after acquiring an additional 275 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

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.