National Grid PLC (NYSE:NGG) shares gapped up prior to trading on Wednesday . The stock had previously closed at $72.48, but opened at $72.57. National Grid PLC shares last traded at $73.02, with a volume of 208,862 shares traded.

Several brokerages have issued reports on NGG. Zacks Investment Research raised National Grid PLC from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, June 1st. Beaufort Securities reissued a “buy” rating on shares of National Grid PLC in a research report on Friday, May 20th. Macquarie cut National Grid PLC from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 5th. JPMorgan Chase & Co. raised National Grid PLC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 4th. Finally, Barclays PLC raised their target price on National Grid PLC from $74.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, May 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $81.50.

The firm has a market cap of $54.72 billion and a P/E ratio of 16.01. The stock’s 50 day moving average is $71.90 and its 200 day moving average is $70.77.

The business also recently declared a dividend, which will be paid on Wednesday, August 10th. Investors of record on Friday, June 3rd will be issued a $2.024 dividend. The ex-dividend date of this dividend is Wednesday, June 1st.

Other large investors have bought and sold shares of the company. BOKF NA boosted its stake in National Grid PLC by 1.6% in the fourth quarter. BOKF NA now owns 16,781 shares of the company’s stock valued at $1,168,000 after buying an additional 266 shares during the period. Eaton Vance Management boosted its stake in National Grid PLC by 2.0% in the fourth quarter. Eaton Vance Management now owns 15,353 shares of the company’s stock valued at $1,068,000 after buying an additional 294 shares during the period. TD Asset Management Inc. boosted its stake in National Grid PLC by 5.3% in the fourth quarter. TD Asset Management Inc. now owns 23,849 shares of the company’s stock valued at $1,658,000 after buying an additional 1,194 shares during the period. Dimensional Fund Advisors LP boosted its stake in National Grid PLC by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 331,615 shares of the company’s stock valued at $23,061,000 after buying an additional 1,542 shares during the period. Finally, Sei Investments Co. boosted its stake in National Grid PLC by 4.3% in the fourth quarter. Sei Investments Co. now owns 40,180 shares of the company’s stock valued at $2,795,000 after buying an additional 1,667 shares during the period.

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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