National Grid (GB:NG)
LSE:NG
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NG Stock Chart & Stats
1274.80 p
10.20 p(1.09%)
At close: 4:00 PM EST
1274.80 p
10.20 p(1.09%)
Day’s Range― - ―
52-Week Range1,000.00 p - 1,428.50 p
Previous CloseN/A
Volume916.99K
Average Volume (3M)9.07M
Market Cap
£59.09B
Enterprise Value105.86B
Total Cash (Recent Filing)£2.83B
Total Debt (Recent Filing)£46.76B
Price to Earnings (P/E)18.2
Beta0.78
Next Earnings
Nov 05, 2026EPS Estimate
0.34Next Dividend Ex-DateN/A
Dividend Yield4.15%
Share Statistics
EPS (TTM)0.66
Shares Outstanding4,975,710,400
10 Day Avg. Volume10,299,451
30 Day Avg. Volume9,074,946
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)1.60
Price to Sales (P/S)3.55
P/FCF Ratio-16.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,393.18Price Target Upside9.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.89
Revenue Forecast (FY)£19.96B
Bulls Say, Bears Say
Bulls Say
Regulated Network Business ModelA regulated transmission and distribution model delivers predictable, contract-like cash flows and allowed returns on invested assets. This structural revenue mechanism reduces competitive exposure, supports long-term capex recovery, and underpins durable earnings visibility across multi-year regulatory periods.
Large Multi-year Capital Investment ProgramA material £60bn capex plan expands the regulated asset base, creating structural earnings growth as investments are recovered through rates. Multi-year deployment supports the company's 6%–8% EPS guidance and embeds durable growth drivers tied to electrification and grid modernization across the UK and US.
Consistent Operating Cash GenerationStable, multi-year operating cash flow provides a reliable funding base for operations, servicing debt, and paying dividends. For a capital-intensive regulated utility, steady OCF underpins financial resilience and enables continued investment even when free cash flow is negative from heavy capex cycles.
Bears Say
Persistently Negative Free Cash FlowRecurring negative free cash flow reflects capex outstripping operating cash generation, forcing reliance on external financing. Over months to years this reduces self-funding capacity, raises refinancing and dilution risks, and constrains flexibility to absorb shocks or accelerate discretionary investments.
Elevated Leverage And Large Absolute DebtSubstantial absolute debt and elevated leverage limit financial flexibility, increase interest expense sensitivity, and narrow room to absorb rate rises or project cost overruns. For a heavy-capex utility, sustained high leverage raises refinancing risks and could pressure credit metrics if rates remain elevated.
Regulatory Uncertainty (RIIO-T3)Unsettled regulatory outcomes on baseline returns and incentives can materially affect allowed revenues and returns on new investment. Over multi-year price controls, adverse determinations or tighter incentives could reduce return predictability and mandate additional compliance or investment requirements.
National Grid News
NG FAQ
What was National Grid’s price range in the past 12 months?
National Grid lowest share price was 1000.00 p and its highest was 1428.50 p in the past 12 months.
What is National Grid’s market cap?
National Grid’s market cap is £59.09B.
When is National Grid’s upcoming earnings report date?
National Grid’s upcoming earnings report date is Nov 05, 2026 which is in 154 days.
How were National Grid’s earnings last quarter?
National Grid released its earnings results on May 14, 2026. The company reported 0.482 p earnings per share for the quarter, the consensus estimate of 0.482 p by 0 p.
Is National Grid overvalued?
According to Wall Street analysts National Grid’s price is currently Undervalued.
Does National Grid pay dividends?
National Grid pays a Semiannually dividend of 16.35 p which represents an annual dividend yield of 4.15%. See more information on National Grid dividends here
What is National Grid’s EPS estimate?
National Grid’s EPS estimate is 0.34.
How many shares outstanding does National Grid have?
National Grid has 4,975,710,400 shares outstanding.
What happened to National Grid’s price movement after its last earnings report?
National Grid reported an EPS of 0.482 p in its last earnings report, expectations of 0.482 p. Following the earnings report the stock price went up 1.136%.
Which hedge fund is a major shareholder of National Grid?
Currently, no hedge funds are holding shares in GB:NG
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 Stock Smart Score
Outperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
£1,393.18 (9.29% Upside)
£1,393.18 (9.29% Upside)
Insider Transactions
Bought Shares
Worth £93.5K over
the Last 3 Months
the Last 3 Months
News Sentiment
Bearish
Bullish news 33%
Bearish news 67%
Bearish news 67%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.48%
12-Months-Change
Fundamentals
Return on Equity
8.47%
Trailing 12-Months
Asset Growth
1.44%
Trailing 12-Months
Company Description
National Grid
National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York 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. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and 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 12 Month Forecast
Average Price Target
1,393.18 p
▲(9.29% Upside)
Technical Analysis
Options Prices
Currently, No data available
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