#6 - National Grid (NYSE:NGG)
National Grid plc (NYSE: NGG) is a regulated electric and gas utility with operations in the United Kingdom and United States. Utility stocks can be exceptional choices among high-yield dividend stocks and National Grid is no exception. Still investors need to be aware of why NGG stock is trading near its 52-week low as of July 5, 2024.
The company is investing billions in upgrading its systems to accommodate the renewable energy transition. This has investors nervous about National Grid’s debt position which is likely to increase - and that will be dilutive to current NGG shareholders.
Nevertheless, utility stocks tend to be good investments in declining interest rate environments. Although nobody knows when it will happen, it’s a near certainty that interest rates will move lower over the next couple of years. That means that a high-yield dividend stock like NGG, which has a yield of 8.24%, is a solid choice for income-hungry investors.
About National Grid
National Grid plc transmits and distributes electricity and gas. It 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.
Read More - Current Price
- $63.33
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
