National Grid (NGG)
NYSE:NGG
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NGG Stock Chart & Stats
$75.51
-$0.77(-1.31%)
At close: 4:00 PM EST
$75.51
-$0.77(-1.31%)
Day’s Range― - ―
52-Week Range$67.52 - $94.64
Previous CloseN/A
Volume161.11K
Average Volume (3M)1.48M
Market Cap
$79.32B
Enterprise Value$105.86B
Total Cash (Recent Filing)$2.83B
Total Debt (Recent Filing)$46.76B
Price to Earnings (P/E)18.4
Beta0.15
Next Earnings
Nov 05, 2026EPS Estimate
2.32Next Dividend Ex-DateN/A
Dividend Yield4.03%
Share Statistics
EPS (TTM)3.32
Shares Outstanding995,142,150
10 Day Avg. Volume983,890
30 Day Avg. Volume1,484,146
Financial Highlights & Ratios
PEG Ratio1.88
Price to Book (P/B)1.61
Price to Sales (P/S)3.52
P/FCF Ratio-16.58
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue5.94
Enterprise Value/Gross Profit18.19
Enterprise Value/Ebitda13.11
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.03
Revenue Forecast (FY)$27.14B
Bulls Say, Bears Say
Bulls Say
Regulatory Approvals & Policy SupportMaterial regulatory approvals provide durable revenue visibility by underpinning allowed returns and cost recovery. With ~75% of the five‑year plan approved and RIIO‑T3 accepted, a large portion of future capex is linked to regulatory mechanisms, reducing execution and revenue risk across the investment cycle.
Large, Secured Multi-year Capex ProgramA £70bn+ investment program, record FY capex and secured supply chains create a durable platform for asset growth and higher allowed revenue over years. This systematic reinvestment expands the regulated asset base, supporting sustained underlying EPS and providing multi-year operational scale benefits.
Regulated Profitability & Operational ReliabilityImproved margins and rising operating profit reflect the structural earnings power of regulated transmission assets. Consistently solid reliability metrics and steady underlying EPS growth indicate stable cash generation from monopoly-like networks, supporting long‑term serviceability of operations and stakeholder confidence.
Bears Say
Persistent Negative Free Cash FlowOngoing negative free cash flow despite positive operating cash shows capex outstripping internal funding. This structural cash shortfall increases reliance on external financing for growth and dividends, raising refinancing and execution risk if capital markets tighten or rates rise over the medium term.
Meaningful Leverage Limits FlexibilityMaterial leverage, while typical for the sector, constrains financial flexibility and elevates interest exposure. In a higher inflation/interest environment, servicing indexed and conventional debt can squeeze distributable cash and force more external funding, complicating capital allocation across projects and returns.
Revenue Volatility & UK Distribution HeadwindsChoppy revenue trends and specific regulatory headwinds in UK distribution reduce topline predictability. Mechanisms like Ofgem's RPE can depress allowed revenues intermittently, making underlying growth lumpy and increasing sensitivity of earnings to regulatory resets and weather or market shocks over the medium term.
National Grid Transco News
NGG FAQ
What was National Grid’s price range in the past 12 months?
National Grid lowest stock price was $67.52 and its highest was $94.64 in the past 12 months.
What is National Grid’s market cap?
National Grid’s market cap is $79.32B.
When is National Grid’s upcoming earnings report date?
National Grid’s upcoming earnings report date is Nov 05, 2026 which is in 153 days.
How were National Grid’s earnings last quarter?
National Grid released its earnings results on May 14, 2026. The company reported $3.255 earnings per share for the quarter, beating the consensus estimate of $3.243 by $0.012.
Is National Grid overvalued?
According to Wall Street analysts National Grid’s price is currently Overvalued.
Does National Grid pay dividends?
National Grid pays a Semiannually dividend of $1.056 which represents an annual dividend yield of 4.03%. See more information on National Grid dividends here
What is National Grid’s EPS estimate?
National Grid’s EPS estimate is 2.32.
How many shares outstanding does National Grid have?
National Grid has 995,142,150 shares outstanding.
What happened to National Grid’s price movement after its last earnings report?
National Grid reported an EPS of $3.255 in its last earnings report, beating expectations of $3.243. Following the earnings report the stock price went up 0.517%.
Which hedge fund is a major shareholder of National Grid?
Currently, no hedge funds are holding shares in NGG
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
Outperform
1
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3
4
5
6
7
8
9
10
Blogger Sentiment
Bullish
NGG Sentiment 70%
Sector Average 74%
Sector Average 74%
Hedge Fund Trend
Increased
By 358.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 5.2%
Last 30 Days ▲ 5.2%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.03%
12-Months-Change
Fundamentals
Return on Equity
8.47%
Trailing 12-Months
Asset Growth
3.64%
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.
NGG Company Deck
NGG Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
National Grid's earnings call highlights significant achievements in capital investment, regulatory approvals, and operational performance, despite facing some challenges in revenue pressures and cost management. The company's strong financial and strategic position points towards continued growth and resilience.View all NGG earnings summariesTechnical Analysis
Ownership Overview
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Insiders
0.15% Mutual Funds
1.14% Other Institutional Investors
98.55% Public Companies and
Individual Investors