Shares of National Grid PLC (NYSE:NGG) saw unusually-high trading volume on Tuesday . Approximately 425,378 shares were traded during trading, a decline of 5% from the previous session’s volume of 446,169 shares.The stock last traded at $70.45 and had previously closed at $70.42.

NGG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of National Grid PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 24th. RBC Capital Markets lowered shares of National Grid PLC from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 29th. Royal Bank Of Canada lowered shares of National Grid PLC from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 29th. Citigroup Inc. reiterated a “neutral” rating on shares of National Grid PLC in a research note on Wednesday, August 3rd. Finally, Barclays PLC reiterated an “overweight” rating on shares of National Grid PLC in a research note on Sunday, August 21st. One analyst has rated the stock with a sell rating, nine have issued 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 $81.50.

The company has a market cap of $52.69 billion, a price-to-earnings ratio of 15.39 and a beta of 0.39. The stock’s 50-day moving average price is $70.89 and its 200 day moving average price is $71.54.

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Several hedge funds and other institutional investors have recently bought and sold shares of NGG. CAPROCK Group Inc. raised its position in National Grid PLC by 6.7% in the second quarter. CAPROCK Group Inc. now owns 6,799 shares of the company’s stock valued at $505,000 after buying an additional 424 shares during the last quarter. Royal Bank of Canada raised its position in National Grid PLC by 6.8% in the second quarter. Royal Bank of Canada now owns 845,133 shares of the company’s stock valued at $62,818,000 after buying an additional 53,935 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in National Grid PLC by 52.5% in the second quarter. Public Employees Retirement System of Ohio now owns 150,475 shares of the company’s stock valued at $11,185,000 after buying an additional 51,795 shares during the last quarter. Sterling Capital Management LLC raised its position in National Grid PLC by 9.2% in the second quarter. Sterling Capital Management LLC now owns 5,118 shares of the company’s stock valued at $380,000 after buying an additional 432 shares during the last quarter. Finally, Stifel Financial Corp raised its position in National Grid PLC by 25.7% in the second quarter. Stifel Financial Corp now owns 216,783 shares of the company’s stock valued at $16,114,000 after buying an additional 44,282 shares during the last quarter. 6.54% 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. 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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