National Grid Transco ( (NGG) ) has shared an update.
National Grid plc announced a leadership transition with Zoë Yujnovich set to succeed John Pettigrew as Chief Executive. Pettigrew, who has been with the company since 1991 and served as CEO since 2016, will retire on November 16, 2025. Yujnovich brings extensive experience from her previous roles at Shell and Rio Tinto, and her appointment is seen as a strategic move to guide National Grid through its next phase of growth. The transition is expected to ensure continuity and capitalize on upcoming growth opportunities in the energy sector.
Spark’s Take on NGG Stock
According to Spark, TipRanks’ AI Analyst, NGG is a Outperform.
National Grid Transco’s overall stock score reflects solid financial performance despite challenges in revenue and profitability. The technical indicators show bullish momentum, and the valuation offers a reasonable P/E with an attractive dividend yield. The positive sentiment from the recent earnings call, highlighting significant investments and strategic initiatives, further bolsters the stock’s outlook.
To see Spark’s full report on NGG stock, click here.
More about National Grid Transco
National Grid plc is a prominent energy company operating in the UK and the US, providing gas and electricity to millions of customers. The company is a leader in energy networks and is heavily involved in the energy transition, focusing on decarbonizing the energy system and investing in significant infrastructure projects like The Great Grid Upgrade in the UK and the Upstate Upgrade in New York.
YTD Price Performance: 22.61%
Average Trading Volume: 760,515
Technical Sentiment Signal: Sell
Current Market Cap: $70.58B
For detailed information about NGG stock, go to TipRanks’ Stock Analysis page.