Trading Report: Today, National Grid PLC (NGG) Given Average Recommendation of “Hold” from Analysts

Today, National Grid PLC (NGG) Given Average Recommendation of “Hold” from Analysts

National Grid PLC (NYSE:NGG) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company.

A number of equities research analysts have commented on NGG shares. Beaufort Securities restated a “buy” rating on shares of National Grid PLC in a research note on Sunday, August 21st. Zacks Investment Research upgraded shares of National Grid PLC from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Wednesday, October 19th. Jefferies Group restated a “hold” rating on shares of National Grid PLC in a research note on Friday, September 23rd. Sanford C. Bernstein cut shares of National Grid PLC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of National Grid PLC in a report on Wednesday, August 3rd.

Several hedge funds and other institutional investors have recently bought and sold shares of NGG. Hennessy Advisors Inc. raised its position in National Grid PLC by 6.6% in the second quarter. Hennessy Advisors Inc. now owns 1,070,558 shares of the company’s stock worth $79,575,000 after buying an additional 66,500 shares during the period. Royal Bank of Canada raised its position in National Grid PLC by 9.2% in the first quarter. Royal Bank of Canada now owns 791,198 shares of the company’s stock worth $56,506,000 after buying an additional 66,974 shares during the period. Wetherby Asset Management Inc. raised its position in National Grid PLC by 4.6% in the second quarter. Wetherby Asset Management Inc. now owns 12,570 shares of the company’s stock worth $935,000 after buying an additional 555 shares during the period. Aviance Capital Management LLC raised its position in National Grid PLC by 23.1% in the second quarter. Aviance Capital Management LLC now owns 557,889 shares of the company’s stock worth $41,468,000 after buying an additional 104,738 shares during the period. Finally, BB&T Corp raised its position in National Grid PLC by 17.3% in the second quarter. BB&T Corp now owns 187,566 shares of the company’s stock worth $13,942,000 after buying an additional 27,725 shares during the period. 5.91% of the stock is owned by hedge funds and other institutional investors.

National Grid PLC (NYSE:NGG) traded up 1.10% during midday trading on Friday, reaching $57.99. 303,922 shares of the company were exchanged. National Grid PLC has a 52 week low of $57.29 and a 52 week high of $74.97. The company has a 50-day moving average of $63.06 and a 200 day moving average of $69.57. The firm has a market capitalization of $43.64 billion, a PE ratio of 17.16 and a beta of 0.50.

The firm also recently announced a dividend, which will be paid on Wednesday, January 11th. Investors of record on Friday, November 25th will be issued a $0.933 dividend. The ex-dividend date is Tuesday, November 22nd.

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