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LON:NG

National Grid (NG) Share Price, News & Analysis

GBX 963.20
+7.60 (+0.80%)
(As of 07/25/2024 ET)
Today's Range
952.80
966.22
50-Day Range
838.40
1,136
52-Week Range
889.40
1,145.50
Volume
10.42 million shs
Average Volume
N/A
Market Capitalization
£46.33 billion
P/E Ratio
1,605.33
Dividend Yield
6.13%
Price Target
GBX 1,238.75

National Grid MarketRank™ Stock Analysis

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
28.6% Upside
GBX 1,238.75 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.44
Upright™ Environmental Score
News Sentiment
1.21mentions of National Grid in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
£175.99 M Sold 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.

2.75 out of 5 stars

NG stock logo

About National Grid Stock (LON:NG)

National Grid plc transmits and distributes electricity and gas. It 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

We’re in a code red crisis and 99% of Americans are clueless
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
We’re in a code red crisis and 99% of Americans are clueless
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
Are National Grid shares now a brilliant bargain?
See More Headlines
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Company Calendar

Ex-Dividend for 7/19 Dividend
6/06/2024
Dividend Payable
7/19/2024
Today
7/26/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Regulated Electric
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
31,425
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 1,238.75
High Stock Price Target
GBX 1,330
Low Stock Price Target
GBX 1,125
Potential Upside/Downside
+28.6%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
£2.22 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£19.85 billion
Cash Flow
GBX 76.43 per share
Book Value
GBX 803 per share

Miscellaneous

Outstanding Shares
4,810,000,000
Free Float
N/A
Market Cap
£46.33 billion
Optionable
Not Optionable
Beta
0.29
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Key Executives

  • Mr. John Pettigrew FEI (Age 56)
    FIET, CEO & Executive Director
    Comp: $2.41M
  • Mr. Andrew Jonathan Agg (Age 55)
    CFO & Executive Director
    Comp: $1.53M
  • Mr. Talvis P. Love (Age 55)
    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 & Regulation Officer
  • Ms. Sarah Orban Salati
    Chief Commercial Officer of NGV North East Team

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

Pros

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

  • National Grid plc has a consistent track record of increasing dividends, providing investors with a reliable income stream. The recent dividend increase indicates the company's commitment to rewarding shareholders.
  • The company's stock price has shown resilience, with a 50-day moving average price of GBX 954.35 and a 200-day moving average price of GBX 1,012.61, suggesting stability in the stock performance.
  • Analysts from reputable firms like JPMorgan Chase & Co., Jefferies Financial Group, and Royal Bank of Canada have given positive ratings and target prices for National Grid plc, indicating confidence in the company's future prospects.
  • National Grid plc operates in essential sectors like electricity transmission and distribution, providing services that are fundamental to society, which can lead to consistent demand for its services.
  • The company's market capitalization of £44.70 billion reflects its position as a significant player in the industry, offering investors exposure to a large and established entity.

Cons

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

  • The company's debt-to-equity ratio of 161.24 is significantly high, indicating a heavy reliance on debt financing which can pose risks in case of economic downturns or rising interest rates.
  • Despite the recent insider purchases, there have been significant insider sales as well, such as John Pettigrew selling a substantial amount of shares, which may raise concerns about insider sentiment towards the company.
  • The company's P/E ratio of 1,549.00 is notably high, suggesting that the stock may be overvalued compared to its earnings, potentially leading to a correction in the stock price.
  • National Grid plc's beta of 0.29 indicates low volatility compared to the market, which may limit potential returns for investors seeking higher-risk investments with greater growth opportunities.
  • The company's dividend payout ratio of 9,833.33% is exceptionally high, signaling that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for future growth.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 22, 2024. Please send any questions or comments about these National Grid pros and cons to contact@marketbeat.com.

NG Stock Analysis - Frequently Asked Questions

How have NG shares performed this year?

National Grid's stock was trading at GBX 1,058 at the start of the year. Since then, NG stock has decreased by 9.0% and is now trading at GBX 963.20.
View the best growth stocks for 2024 here
.

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.

What other stocks do shareholders of National Grid own?

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

This page (LON:NG) was last updated on 7/26/2024 by MarketBeat.com Staff

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