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National Grid (NGG) Stock Price, News & Analysis

$67.62
-0.37 (-0.54%)
(As of 09/6/2024 ET)
Today's Range
$67.55
$68.29
50-Day Range
$57.15
$67.97
52-Week Range
$55.13
$73.40
Volume
401,853 shs
Average Volume
552,438 shs
Market Capitalization
$53.65 billion
P/E Ratio
N/A
Dividend Yield
7.31%
Price Target
N/A

National Grid MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.15% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of National Grid in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.39%
From $4.54 to $4.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.30 out of 5 stars

Utilities Sector

88th out of 93 stocks

Natural Gas Transmission Industry

18th out of 18 stocks

NGG stock logo

About National Grid Stock (NYSE:NGG)

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, New York, National Grid Ventures, and Other 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. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain, as well as sale of renewables projects. 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.

NGG Stock Price History

NGG Stock News Headlines

Kamala’s Dirty Election Move… Revealed
According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
National Grid (NG) Gets a Buy from Goldman Sachs
Kamala’s Dirty Election Move… Revealed
According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
See More Headlines
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Company Calendar

Ex-Dividend for 7/19 Dividend
6/07/2024
Dividend Payable
7/19/2024
Today
9/07/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Natural gas transmission
Sub-Industry
N/A
Employees
31,425
Year Founded
1990

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$19.85 billion
Cash Flow
$7.95 per share
Book Value
$47.36 per share

Miscellaneous

Free Float
N/A
Market Cap
$53.65 billion
Optionable
Optionable
Beta
0.61

Social Links

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Key Executives

  • Mr. John Pettigrew FEI (Age 56)
    FIET, CEO & Executive Director
    Comp: $2.99M
  • Mr. Andrew Jonathan Agg (Age 55)
    CFO & Executive Director
    Comp: $1.94M
  • Mr. Shannon J. Soland
    Interim Group Chief Information & Digital Officer
  • Mr. Nicholas James Ashworth C.F.A.
    Director of Investor Relations
  • Ms. Justine Campbell (Age 54)
    Group General Counsel & Company Secretary
  • Mr. William Serle
    Chief People & Culture Officer
  • Mr. David Wright
    Group Chief Engineer
  • Ms. Alice Kyne Delahunty (Age 43)
    President of UK Electricity Transmission
  • Mr. Benjamin Hollis Wilson (Age 50)
    Chief Strategy & Regulation Officer
  • Ms. Sarah Orban Salati
    Chief Commercial Officer of NGV North East Team

Should I Buy National Grid Stock? NGG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in National Grid plc:

  • National Grid plc has a consistent track record of paying dividends, providing investors with a reliable income stream. As of today, the dividend yield is 6%, offering attractive returns compared to other investment options.
  • The stock price of National Grid plc has shown resilience, with a 1-year high of $73.40. This stability can be appealing to risk-averse investors looking for steady growth potential.
  • Recent analyst recommendations have been positive, with seven brokerages giving a "Buy" rating for NGG stock. This indicates confidence in the company's future performance and growth prospects.
  • National Grid plc operates in the utilities sector, which is known for its defensive nature. Utilities tend to be less volatile during economic downturns, providing a hedge against market fluctuations.
  • The company's market capitalization of $51.12 billion reflects its size and stability in the market, offering investors a sense of security and confidence in the company's long-term viability.

Cons

Investors should be bearish about investing in National Grid plc for these reasons:

  • As of today, National Grid plc's stock price is at $64.43, which is below its 1-year high. This may indicate a lack of significant short-term growth potential for investors seeking quick returns.
  • The utilities sector, where National Grid plc operates, is often subject to regulatory changes that can impact profitability. Investors should be cautious of potential regulatory risks that could affect the company's financial performance.
  • While the dividend yield is attractive, the dividend payout ratio of 103.35% suggests that the company may be paying out more in dividends than it is earning. This could raise concerns about the sustainability of the dividend payments in the long run.
  • The company's debt-to-equity ratio of 1.41 indicates a relatively high level of debt, which could pose risks in times of economic uncertainty or rising interest rates. Investors should consider the impact of this leverage on the company's financial health.
  • Despite positive analyst ratings, investors should be aware of the overall market conditions and potential macroeconomic factors that could influence the performance of National Grid plc's stock in the future. External factors beyond the company's control may impact investment outcomes.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 26, 2024. Please send any questions or comments about these National Grid pros and cons to contact@marketbeat.com.

NGG Stock Analysis - Frequently Asked Questions

How have NGG shares performed this year?

National Grid's stock was trading at $67.99 at the beginning of 2024. Since then, NGG stock has decreased by 0.5% and is now trading at $67.62.
View the best growth stocks for 2024 here
.

Who are National Grid's major shareholders?

Top institutional investors of National Grid include Renaissance Technologies LLC (0.39%), Federated Hermes Inc. (0.29%), Envestnet Asset Management Inc. (0.16%) and Raymond James & Associates (0.16%).

How do I buy shares of National Grid?

Shares of NGG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of National Grid own?

Based on aggregate information from My MarketBeat watchlists, some other companies that National Grid investors own include National Grid (NG), AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), Pfizer (PFE), Johnson & Johnson (JNJ) and Intel (INTC).

This page (NYSE:NGG) was last updated on 9/7/2024 by MarketBeat.com Staff

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