National Grid plc (NYSE:NGG) was upgraded by analysts at Societe Generale from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other analysts also recently weighed in on NGG. Goldman Sachs Group Inc started coverage on National Grid plc in a research note on Tuesday, November 29th. They set a “sell” rating for the company. Argus upgraded National Grid plc from a “hold” rating to a “buy” rating in a research note on Thursday, December 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded National Grid plc from a “sell” rating to a “hold” rating in a research note on Wednesday, December 7th. Beaufort Securities restated a “buy” rating on shares of National Grid plc in a research note on Friday, December 9th. Finally, Deutsche Bank AG restated a “hold” rating on shares of National Grid plc in a research note on Friday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. National Grid plc presently has an average rating of “Hold” and a consensus target price of $73.00.

Analyst Recommendations for National Grid plc (NYSE:NGG)

Shares of National Grid plc (NYSE:NGG) opened at 61.47 on Friday. National Grid plc has a 1-year low of $56.50 and a 1-year high of $74.97. The firm’s 50-day moving average price is $59.76 and its 200 day moving average price is $62.12. The stock has a market capitalization of $46.26 billion, a P/E ratio of 18.57 and a beta of 0.43.

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Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in National Grid plc by 52.5% in the second quarter. Public Employees Retirement System of Ohio now owns 150,475 shares of the company’s stock worth $11,185,000 after buying an additional 51,795 shares during the period. Eqis Capital Management Inc. purchased a new position in National Grid plc during the third quarter worth approximately $269,000. Naples Global Advisors LLC increased its position in National Grid plc by 2.0% in the third quarter. Naples Global Advisors LLC now owns 22,809 shares of the company’s stock worth $1,622,000 after buying an additional 450 shares during the period. Dynamic Advisors Solutions LLC increased its position in 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, Creative Planning increased its position in National Grid plc by 41.7% in the third quarter. Creative Planning now owns 19,589 shares of the company’s stock worth $1,393,000 after buying an additional 5,769 shares during the period. Institutional investors and hedge funds own 5.55% of the company’s stock.

About National Grid plc

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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