National Grid PLC (NYSE:NGG) saw unusually-high trading volume on Thursday . Approximately 1,284,993 shares traded hands during trading, an increase of 160% from the previous session’s volume of 494,989 shares.The stock last traded at $71.88 and had previously closed at $71.75.

NGG has been the subject of a number of recent research reports. Argus initiated coverage on National Grid PLC in a research report on Thursday, April 7th. They set a “hold” rating for the company. Zacks Investment Research cut National Grid PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. JPMorgan Chase & Co. upgraded National Grid PLC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 4th. Macquarie cut National Grid PLC from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 5th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of National Grid PLC in a research report on Tuesday, May 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $81.50.

The firm’s 50-day moving average is $72.51 and its 200-day moving average is $71.09. The stock has a market cap of $53.76 billion and a price-to-earnings ratio of 15.85.

The company also recently disclosed a dividend, which will be paid on Wednesday, August 10th. Stockholders 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 hedge funds have recently made changes to their positions in the company. Eaton Vance Management raised its stake in shares of 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. Advisors Asset Management Inc. increased its stake in shares of 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. Cambridge Investment Research Advisors Inc. increased its stake in shares of National Grid PLC by 8.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,390 shares of the company’s stock valued at $1,905,000 after buying an additional 2,208 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of 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.

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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