National Grid PLC (NYSE:NGG) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The analysts noted that the move was a valuation call.

NGG has been the subject of several other reports. Beaufort Securities reissued a “buy” rating on shares of National Grid PLC in a research report on Sunday, August 21st. Goldman Sachs Group Inc. assumed coverage on National Grid PLC in a research report on Tuesday. They set a “sell” rating for the company. Barclays PLC reissued an “overweight” rating on shares of National Grid PLC in a research report on Sunday, August 21st. Sanford C. Bernstein cut National Grid PLC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 7th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of National Grid PLC in a research report on Wednesday, August 3rd. Three equities research analysts have rated the stock with a sell rating, six 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 an average price target of $76.50.

Analyst Recommendations for National Grid PLC (NYSE:NGG)

National Grid PLC (NYSE:NGG) traded down 0.72% during mid-day trading on Thursday, hitting $56.66. The stock had a trading volume of 938,478 shares. National Grid PLC has a one year low of $56.50 and a one year high of $74.97. The firm has a market capitalization of $42.64 billion, a price-to-earnings ratio of 16.91 and a beta of 0.50. The stock’s 50 day moving average price is $62.11 and its 200 day moving average price is $69.11.

The company also recently announced a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.933 per share. The ex-dividend date of this dividend is Tuesday, November 22nd.

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Several institutional investors have recently made changes to their positions in the company. Checchi Capital Advisers LLC raised its position in shares of National Grid PLC by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 5,187 shares of the company’s stock worth $386,000 after buying an additional 141 shares during the period. Bremer Trust National Association raised its position in shares of National Grid PLC by 14.1% in the second quarter. Bremer Trust National Association now owns 6,108 shares of the company’s stock worth $454,000 after buying an additional 754 shares during the period. TNB Financial raised its position in shares of National Grid PLC by 29.2% in the second quarter. TNB Financial now owns 19,354 shares of the company’s stock worth $1,439,000 after buying an additional 4,369 shares during the period. Albert D Mason Inc. raised its position in shares of National Grid PLC by 4.1% in the second quarter. Albert D Mason Inc. now owns 22,957 shares of the company’s stock worth $1,706,000 after buying an additional 900 shares during the period. Finally, Telemus Capital LLC raised its position in shares of National Grid PLC by 14.6% in the second quarter. Telemus Capital LLC now owns 5,099 shares of the company’s stock worth $379,000 after buying an additional 651 shares during the period. Institutional investors own 5.71% of the company’s stock.

National Grid PLC Company Profile

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.

5 Day Chart for NYSE:NGG

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