National Grid PLC (NGG) Sees Large Volume Increase
National Grid PLC (NYSE:NGG) shares saw unusually-high trading volume on Friday . Approximately 461,425 shares traded hands during trading, an increase of 11% from the previous session’s volume of 417,050 shares.The stock last traded at $71.54 and had previously closed at $69.85.
NGG has been the subject of several analyst reports. Barclays PLC reiterated an “overweight” rating on shares of National Grid PLC in a research report on Sunday, August 21st. Zacks Investment Research upgraded shares of National Grid PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. Deutsche Bank AG restated a “hold” rating on shares of National Grid PLC in a report on Tuesday, May 17th. RBC Capital Markets cut shares of National Grid PLC from an “outperform” rating to a “sector perform” rating in a report on Friday, July 29th. Finally, Beaufort Securities restated a “buy” rating on shares of National Grid PLC in a report on Sunday, August 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. National Grid PLC has a consensus rating of “Hold” and a consensus price target of $81.50.
The company has a market cap of $53.69 billion and a PE ratio of 15.82. The firm’s 50-day moving average price is $71.74 and its 200 day moving average price is $71.31.
An institutional investor recently raised its position in National Grid PLC stock. US Bancorp DE increased its position in National Grid PLC (NYSE:NGG) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 253,498 shares of the company’s stock after buying an additional 37,721 shares during the period. US Bancorp DE’s holdings in National Grid PLC were worth $17,628,000 at the end of the most recent reporting 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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