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LON:NG

National Grid (NG) Share Price, News & Analysis

GBX 1,037.50
+8.00 (+0.78%)
(As of 02/29/2024 ET)
Today's Range
1,031.10
1,048.23
50-Day Range
997
1,078.50
52-Week Range
N/A
Volume
10.24 million shs
Average Volume
N/A
Market Capitalization
£38.60 billion
P/E Ratio
1,503.62
Dividend Yield
5.49%
Price Target
GBX 1,182.50

National Grid MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
14.0% Upside
GBX 1,182.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.44
Upright™ Environmental Score
News Sentiment
0.42mentions of National Grid in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
£29,876 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.09 out of 5 stars


NG stock logo

About National Grid Stock (LON:NG)

National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain's electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain, as well as sale of renewables projects. The Other segment engages in the leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.

NG Stock Price History

NG Stock News Headlines

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National Grid (LON:NG) Stock Price Up 1.7%
National Grid Share Chat
National Grid shares: debt heavy but with a bright future
See More Headlines
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Company Calendar

Ex-Dividend for 1/11 Dividend
11/23/2023
Dividend Payable
1/11/2024
Today
3/01/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Regulated Electric
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
29,450
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 1,182.50
High Stock Price Target
GBX 1,300
Low Stock Price Target
GBX 1,080
Potential Upside/Downside
+14.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
£2.56 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£20.70 billion
Cash Flow
GBX 82.33 per share
Book Value
GBX 800 per share

Miscellaneous

Outstanding Shares
3,720,000,000
Free Float
N/A
Market Cap
£38.60 billion
Optionable
Not Optionable
Beta
0.29
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Key Executives

  • Mr. John Pettigrew FEI (Age 55)
    FIET, CEO & Executive Director
    Comp: $2.39M
  • Mr. Andrew J. Agg (Age 54)
    CFO & Executive Director
    Comp: $1.55M
  • Mr. Shannon J. Soland
    Interim Group Chief Information & Digital Officer
  • Mr. Nicholas James Ashworth C.F.A.
    Director of Investor Relations
  • Ms. Justine Campbell (Age 54)
    Group General Counsel & Company Secretary
  • Mr. William Serle
    Chief People & Culture Officer
  • Mr. David Wright
    Group Chief Engineer
  • Ms. Alice Kyne Delahunty (Age 43)
    President of UK Electricity Transmission
  • Mr. Benjamin Hollis Wilson (Age 50)
    Chief Strategy & External Affairs Officer
  • Ms. Sarah Orban Salati
    Chief Commercial Officer of NGV North East Team

Should I Buy National Grid Stock? NG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of National Grid was last updated on Thursday, February 29, 2024 at 1:46 AM.

Pros

Here are some ways that investors could benefit from investing in National Grid plc:

  • National Grid plc is increasing the capacity of the distribution grid by 1 GW by 2030, supporting building and vehicle electrification, which aligns with the global shift towards cleaner energy sources.
  • The company's focus on enabling more electric vehicles (EVs) could lead to increased demand for its services as the EV market continues to grow.
  • Recent developments, such as the 'Future Grid' plan submitted by National Grid, demonstrate the company's commitment to innovation and adapting to future energy needs.
  • Investors may find the current stock price of National Grid plc attractive for potential value investing opportunities, considering the company's stable position in the utilities sector.
  • National Grid plc operates in multiple segments, providing diversification within the energy industry and potentially reducing overall risk for investors.

Cons

Investors should be bearish about investing in National Grid plc for these reasons:

  • The regulatory environment for utilities companies can be subject to changes that may impact National Grid plc's operations and profitability.
  • As a regulated electric utility, National Grid plc may face challenges related to government policies, tariffs, and regulations that could affect its financial performance.
  • Investing in National Grid plc may involve exposure to geopolitical risks, especially in regions where the company operates its electricity and gas transmission services.
  • Fluctuations in energy prices and demand could influence National Grid plc's revenue streams and overall financial stability.
  • While the company's diversification across segments can be a pro, it also introduces complexity and potential risks associated with managing different business lines.














NG Stock Analysis - Frequently Asked Questions

Should I buy or sell National Grid stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National Grid in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NG shares.
View NG analyst ratings
or view top-rated stocks.

What is National Grid's stock price target for 2024?

5 equities research analysts have issued twelve-month price targets for National Grid's shares. Their NG share price targets range from GBX 1,080 to GBX 1,300. On average, they anticipate the company's share price to reach GBX 1,182.50 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
View analysts price targets for NG
or view top-rated stocks among Wall Street analysts.

How have NG shares performed in 2024?

National Grid's stock was trading at GBX 1,058 at the beginning of 2024. Since then, NG shares have decreased by 1.9% and is now trading at GBX 1,037.50.
View the best growth stocks for 2024 here
.

How often does National Grid pay dividends? What is the dividend yield for National Grid?

National Grid declared a dividend on Thursday, November 9th. Shareholders of record on Thursday, November 23rd will be paid a dividend of GBX 19.40 per share on Thursday, January 11th. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Thursday, November 23rd. The official announcement can be seen at this link.
Read our dividend analysis for NG
.

Is National Grid a good dividend stock?

National Grid (LON:NG) pays an annual dividend of GBX 57 per share and currently has a dividend yield of 5.54%. NG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 8,260.87%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for NG.

What other stocks do shareholders of National Grid own?

Based on aggregate information from My MarketBeat watchlists, some companies that other National Grid investors own include National Grid (NGG), Centrica (CNA), Royal Dutch Shell (RDSB), Legal & General Group (LGEN), Lloyds Banking Group (LLOY), Barclays (BARC), Vodafone Group Public (VOD), GSK (GSK), HSBC (HSBA) and BP (BP).

How do I buy shares of National Grid?

Shares of NG stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:NG) was last updated on 3/1/2024 by MarketBeat.com Staff