National Grid Transco (NGG) Stock Forecast & Price Target

National Grid Transco
Bull Case

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

• The company recently raised its fiscal 2027 underlying earnings per share growth guidance to 15% to 16%, up from a previous range of 13% to 15%, signaling strong expected profitability growth driven by record first-half capital spending and higher regulated revenues in the U.K. and U.S.
• National Grid plc declared an interim dividend of £0.1697 per share, representing a 3.8% increase from the prior year, which supports its reputation as a reliable income stock with a growing payout for shareholders.
• The stock is currently trading at $83.23, which is below its 52-week high of $94.64, potentially offering a more attractive entry point for investors compared to the peak prices seen earlier in the year.
• Capital investment in the U.K. electricity transmission segment increased by 71% to £2.9 billion in the first half, with all six Wave 1 Accelerated Strategic Transmission Investment projects under construction, indicating significant infrastructure expansion that underpins future earnings.
• The company has secured a 20-year power purchase agreement with Microsoft for the Project Kilby facility in West Texas, a 2.7-gigawatt power project for a co-located data center, which diversifies revenue streams into high-demand technology infrastructure.