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National Grid Transco Plc (DE:NNGD)
FRANKFURT:NNGD

National Grid Transco (NNGD) Price & Analysis

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NNGD Stock Chart & Stats

€71.50
€0.00(0.00%)
At close: 4:00 PM EDT
€71.50
€0.00(0.00%)

Bulls Say, Bears Say

Bulls Say
Large Regulated CapEx & RAV GrowthA committed GBP 70bn five‑year investment program driving ~10% annual asset growth materially expands the regulated asset base. Over 2–6 months this durable RAV growth should underpin higher allowed revenues and multi‑year earnings visibility tied to regulated returns.
High Degree Of Regulatory CoverageTwo‑thirds regulatory coverage for the investment plan and delivery mechanisms secured for ~3/4 of projects materially reduces recovery risk. Structural regulatory protections increase predictability of cashflows and allowed returns, supporting sustainable earnings as assets are put into service.
Strong Operating Cash Generation & ProductivityConsistent operating cash generation and early‑delivered synergies show durable internal cash engine and execution of efficiency programs. Combined with digital/AI pilots that reduce field costs, this supports ongoing funding of operations and partial offset to capex intensity over the medium term.
Bears Say
Persistent Negative Free Cash FlowSustained negative free cash flow across multiple years means core investments and dividends are not fully self‑funded. Over the multi‑year plan this creates structural reliance on external financing, raising refinancing, interest and dilution risks and constraining balance sheet flexibility.
Meaningful LeverageElevated net debt and ~1.19x debt‑to‑equity are manageable for utilities but limit headroom. In a rising rate environment or under regulatory setbacks, higher leverage increases financing costs, reduces strategic optionality and raises the risk premium required by creditors over the investment cycle.
Execution & Workforce Scale-up RiskRapidly hiring thousands and expanding suppliers to deliver large capex is a structural execution challenge. Recruitment, training and supply‑chain bottlenecks can delay projects, raise unit costs and impair reliability, threatening the timing and magnitude of regulatory returns over the program.

National Grid Transco News

NNGD FAQ

What was National Grid Transco Plc’s price range in the past 12 months?
National Grid Transco Plc lowest stock price was €56.50 and its highest was €79.50 in the past 12 months.
    What is National Grid Transco Plc’s market cap?
    National Grid Transco Plc’s market cap is €71.39B.
      When is National Grid Transco Plc’s upcoming earnings report date?
      National Grid Transco Plc’s upcoming earnings report date is Nov 05, 2026 which is in 97 days.
        How were National Grid Transco Plc’s earnings last quarter?
        National Grid Transco Plc released its earnings results on May 14, 2026. The company reported €2.862 earnings per share for the quarter, beating the consensus estimate of €2.851 by €0.011.
          Is National Grid Transco Plc overvalued?
          According to Wall Street analysts National Grid Transco Plc’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does National Grid Transco Plc pay dividends?
            National Grid Transco Plc does not currently pay dividends.
            What is National Grid Transco Plc’s EPS estimate?
            National Grid Transco Plc’s EPS estimate is 2.04.
              How many shares outstanding does National Grid Transco Plc have?
              National Grid Transco Plc has 1,005,358,500 shares outstanding.
                What happened to National Grid Transco Plc’s price movement after its last earnings report?
                National Grid Transco Plc reported an EPS of €2.862 in its last earnings report, beating expectations of €2.851. Following the earnings report the stock price went up 1.379%.
                  Which hedge fund is a major shareholder of National Grid Transco Plc?
                  Currently, no hedge funds are holding shares in DE:NNGD
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    National Grid Transco Stock Smart Score

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                    Neutral
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                    Company Description

                    National Grid Transco Plc

                    National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers 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. 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.

                    National Grid Transco (NNGD) Earnings & Revenues

                    NNGD Company Deck

                    NNGD Earnings Call

                    Q4 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call outlines a strong growth and delivery story: materially higher capital investment (at least GBP 70bn), clear multi-year EPS and RAV targets, strong operating performance and technology-led productivity initiatives. Management backed this with specific execution actions (capital control tower, standardized designs, AI pilots) and measurable early wins (reliability, customer satisfaction, productivity and contracted supply). Key risks remain: higher net debt and leverage as investment ramps, NGV profit and capex contraction, storm/regulatory headwinds in parts of the U.S., commodity and supply-chain inflation, and some regulatory uncertainty (ED3) that may limit the pace at which efficiency gains convert into shareholder returns. On balance, the positive operational progress, visibility of regulatory coverage, and credible execution plans outweigh the risks, though execution and regulatory outcomes will be critical to realize the stated financial targets.View all DE:NNGD earnings summaries
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