Shares of National Grid PLC (NYSE:NGG) reached a new 52-week high during trading on Tuesday . The stock traded as high as $74.97 and last traded at $74.52, with a volume of 284,839 shares. The stock had previously closed at $74.36.

Several analysts have commented on NGG shares. Zacks Investment Research raised National Grid PLC from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, June 1st. Deutsche Bank AG reissued a “hold” rating on shares of National Grid PLC in a report on Tuesday, May 17th. Barclays PLC raised their price objective on National Grid PLC from $74.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, May 19th. Macquarie lowered National Grid PLC from a “neutral” rating to an “underperform” rating in a report on Thursday, May 5th. Finally, JPMorgan Chase & Co. raised National Grid PLC from a “neutral” rating to an “overweight” rating in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $81.50.

The stock has a market cap of $55.20 billion and a PE ratio of 15.93. The stock has a 50 day moving average price of $71.90 and a 200 day moving average price of $70.54.

The business also recently disclosed a dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Friday, June 3rd will be paid a dividend of $2.024 per share. The ex-dividend date is Wednesday, June 1st.

A number of hedge funds recently bought and sold shares of NGG. US Bancorp DE increased its stake in National Grid PLC by 17.5% in the fourth quarter. US Bancorp DE now owns 253,498 shares of the company’s stock valued at $17,628,000 after buying an additional 37,721 shares in the last quarter. GM Advisory Group Inc. bought a new stake in National Grid PLC during the fourth quarter valued at approximately $1,439,000. Tocqueville Asset Management L.P. increased its stake in National Grid PLC by 129.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 21,820 shares of the company’s stock valued at $1,517,000 after buying an additional 12,314 shares in the last quarter. Advisors Asset Management Inc. increased its stake in National Grid PLC by 46.2% in the fourth quarter. Advisors Asset Management Inc. now owns 25,670 shares of the company’s stock valued at $1,785,000 after buying an additional 8,111 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in National Grid PLC by 43.6% in the fourth quarter. Private Advisor Group LLC now owns 20,269 shares of the company’s stock valued at $1,410,000 after buying an additional 6,157 shares in the last quarter.

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.

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