National Grid Announces Major Shareholding by Bank of America

National Grid Transco ( (NGG) ) has issued an update.

On May 28, 2025, National Grid plc announced a significant update regarding its ordinary shares. The company received a notification from Bank of America Corporation, indicating a major interest in National Grid’s voting ordinary shares. This development, which was initially crossed on May 23, 2025, highlights Bank of America’s substantial stake in the company, potentially impacting National Grid’s shareholder dynamics and market perception.

The most recent analyst rating on (NGG) stock is a Hold with a $73.00 price target. To see the full list of analyst forecasts on National Grid Transco stock, see the NGG Stock Forecast page.

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 major player in the energy industry, primarily focusing on electricity and gas transmission and distribution. Based in the United Kingdom, the company operates extensive networks that deliver energy to millions of customers, ensuring reliable and efficient energy supply.

Average Trading Volume: 945,459

Technical Sentiment Signal: Buy

Current Market Cap: $71.53B

See more insights into NGG stock on TipRanks’ Stock Analysis page.