Equities research analysts at Goldman Sachs Group Inc. started coverage on shares of National Grid PLC (NYSE:NGG) in a research note issued on Tuesday. The firm set a “sell” rating on the stock.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of National Grid PLC from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Wednesday, October 19th. Beaufort Securities reaffirmed a “buy” rating on shares of National Grid PLC in a research note on Sunday, August 21st. Jefferies Group reaffirmed a “hold” rating on shares of National Grid PLC in a research note on Friday, September 23rd. Sanford C. Bernstein downgraded shares of National Grid PLC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of National Grid PLC in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. National Grid PLC currently has an average rating of “Hold” and an average target price of $76.50.

Analyst Recommendations for National Grid PLC (NYSE:NGG)

National Grid PLC (NYSE:NGG) opened at 57.07 on Tuesday. The company has a 50-day moving average price of $62.39 and a 200 day moving average price of $69.20. National Grid PLC has a 52-week low of $57.05 and a 52-week high of $74.97. The company has a market capitalization of $42.95 billion, a PE ratio of 17.04 and a beta of 0.50.

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Investors of record on Friday, November 25th will be issued a dividend of $0.933 per share. The ex-dividend date is Tuesday, November 22nd.

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A number of institutional investors have recently added to or reduced their stakes in NGG. Euclid Advisors LLC purchased a new position in National Grid PLC during the first quarter valued at about $2,916,000. First Republic Investment Management Inc. raised its position in National Grid PLC by 35.3% in the first quarter. First Republic Investment Management Inc. now owns 13,732 shares of the company’s stock valued at $981,000 after buying an additional 3,579 shares in the last quarter. Fulton Bank N.A. raised its position in National Grid PLC by 3.7% in the second quarter. Fulton Bank N.A. now owns 57,613 shares of the company’s stock valued at $4,282,000 after buying an additional 2,081 shares in the last quarter. Integrated Investment Consultants LLC raised its position in National Grid PLC by 1.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,046 shares of the company’s stock valued at $152,000 after buying an additional 36 shares in the last quarter. Finally, Creative Planning raised its position in National Grid PLC by 1.3% in the second quarter. Creative Planning now owns 13,820 shares of the company’s stock valued at $1,027,000 after buying an additional 176 shares in the last quarter. 5.71% of the stock is currently owned by institutional investors and hedge funds.

National Grid PLC Company Profile

National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.

5 Day Chart for NYSE:NGG

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