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JP Morgan Cazenove reiterated an Overweight recommendation for National Grid plc – Depositary Receipt (NYSE: NGG) on December 5, 2025. The average one-year price target is projected at $81.08 per share, representing a potential upside of 7.52% from its latest closing price of $75.41.
Projected annual revenue for National Grid is $21,099 million, an increase of 20.69%. Institutional ownership has grown with 581 funds reporting positions, a rise of 1.22% over the last quarter, and total shares owned by institutions increasing by 3.62% to 56,466K shares.
However, the put/call ratio stands at 1.26, indicating a bearish outlook. Key shareholders like Bank of America reduced their portfolio allocation in NGG by 75.53% this past quarter.
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