Societe Generale Upgrades National Grid plc (NGG) to “Hold”

National Grid plc (NYSE:NGG) was upgraded by analysts at Societe Generale from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of National Grid plc from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Royal Bank of Canada raised shares of National Grid plc from a “sector perform” rating to an “outperform” rating in a research report on Monday, January 30th. Berenberg Bank raised shares of National Grid plc from a “hold” rating to a “buy” rating in a research report on Friday, January 20th. Investec raised shares of National Grid plc from a “hold” rating to a “buy” rating in a research report on Friday, January 13th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of National Grid plc in a research report on Friday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $73.00.

Analyst Recommendations for National Grid plc (NYSE:NGG)

National Grid plc (NYSE:NGG) opened at 61.47 on Friday. National Grid plc has a 1-year low of $56.50 and a 1-year high of $74.97. The firm has a market capitalization of $46.26 billion, a P/E ratio of 18.57 and a beta of 0.43. The company has a 50-day moving average price of $59.76 and a 200-day moving average price of $62.12.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC bought a new position in shares of National Grid plc during the fourth quarter worth approximately $237,000. AE Wealth Management LLC bought a new position in shares of National Grid plc during the fourth quarter worth approximately $703,000. Luminus Management LLC bought a new position in shares of National Grid plc during the fourth quarter worth approximately $14,583,000. Shepherd Financial Partners LLC bought a new position in shares of National Grid plc during the fourth quarter worth approximately $2,249,000. Finally, Energy Income Partners LLC bought a new position in shares of National Grid plc during the fourth quarter worth approximately $66,472,000. 5.55% of the stock is owned by institutional investors and hedge funds.

National Grid plc Company Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

5 Day Chart for NYSE:NGG

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