Societe Generale upgraded shares of National Grid plc (NYSE:NGG) from a sell rating to a hold rating in a report published on Friday.

A number of other research firms also recently issued reports on NGG. Zacks Investment Research upgraded shares of National Grid plc from a hold rating to a buy rating and set a $66.00 target price for the company in a research report on Thursday, February 9th. Berenberg Bank restated a hold rating on shares of National Grid plc in a research report on Tuesday, December 13th. Goldman Sachs Group Inc assumed coverage on shares of National Grid plc in a research report on Tuesday, November 29th. They set a sell rating for the company. Investec upgraded shares of National Grid plc from a hold rating to a buy rating in a research report on Friday, January 13th. Finally, Deutsche Bank AG restated a hold rating on shares of National Grid plc in a research report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $73.00.

Analyst Recommendations for National Grid plc (NYSE:NGG)

Shares of National Grid plc (NYSE:NGG) traded down 0.49% during midday trading on Friday, reaching $61.24. The company’s stock had a trading volume of 282,736 shares. The stock has a 50-day moving average of $59.76 and a 200 day moving average of $62.12. The firm has a market capitalization of $46.09 billion, a P/E ratio of 18.50 and a beta of 0.43. National Grid plc has a 12-month low of $56.50 and a 12-month high of $74.97.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of National Grid plc during the third quarter worth $138,000. Cornerstone Advisors Inc. increased its position in shares of National Grid plc by 5,054.3% in the third quarter. Cornerstone Advisors Inc. now owns 2,371 shares of the company’s stock worth $169,000 after buying an additional 2,325 shares during the period. MML Investors Services LLC purchased a new position in shares of National Grid plc during the fourth quarter worth $209,000. Dynamic Advisors Solutions LLC increased its position in shares of National Grid plc by 1.1% in the third quarter. Dynamic Advisors Solutions LLC now owns 2,976 shares of the company’s stock worth $212,000 after buying an additional 32 shares during the period. Finally, Murphy Capital Management Inc. purchased a new position in shares of National Grid plc during the third quarter worth $214,000. Institutional investors and hedge funds own 5.55% of the company’s stock.

National Grid plc Company Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

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