National Grid (NGG) Stock Price, News & Analysis

Company Overview

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. 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.

Key Stats

• Today's Range: $67.78 to $68.97
• 50-Day Range: $60.80 to $70.37
• 52-Week Range: $55.13 to $73.40
• Volume: 466,008 shs
• Average Volume: 547,196 shs
• Market Capitalization: $54.62 billion
• P/E Ratio: 14.11
• Dividend Yield: 7.18%
• Price Target: N/A
• Consensus Rating: Buy

National Grid Stock Analysis - MarketRank™

National Grid scored higher than 48% of companies evaluated by MarketBeat, and ranked 74th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for National Grid.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.11%

Earnings Growth

Earnings for National Grid are expected to grow by 6.11% in the coming year, from $4.58 to $4.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of National Grid is 14.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.13.

Price to Earnings Ratio vs. Sector

The P/E ratio of National Grid is 14.11, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.40.

Price to Earnings Growth Ratio

National Grid has a PEG Ratio of 4.81. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

National Grid has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.15% of the outstanding shares of National Grid have been sold short.

Short Interest Ratio / Days to Cover

National Grid has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in National Grid has recently decreased by 0.85%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

National Grid is a leading dividend payer. It pays a dividend yield of 7.14%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

National Grid does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of National Grid is 101.23%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, National Grid will have a dividend payout ratio of 101.65% in the coming year. This indicates that National Grid may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.15% of the outstanding shares of National Grid have been sold short.

Short Interest Ratio / Days to Cover

National Grid has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in National Grid has recently decreased by 0.85%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.48

News Sentiment

National Grid has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for National Grid this week, compared to 6 articles on an average week.

Search Interest

Only 4 people have searched for NGG on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

MarketBeat Follows

8 people have added National Grid to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, National Grid insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 4.68% of the stock of National Grid is held by institutions.

NGG Stock Analysis - Frequently Asked Questions

How have NGG shares performed this year?

National Grid's stock was trading at $67.99 on January 1st, 2024. Since then, NGG shares have increased by 1.2% and is now trading at $68.8350.
View the best growth stocks for 2024 here.

Who are National Grid's major shareholders?

Top institutional shareholders 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).

Company Calendar

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

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Natural gas transmission
• Sub-Industry: N/A
• Current Symbol: NYSE:NGG
• CUSIP: N/A
• CIK: 1004315
• Web: www.nationalgrid.com
• Phone: 442070043000
• Fax: 011-44-20-7004-3004
• Employees: 31,425
• Year Founded: 1990

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 14.11
• Forward P/E Ratio: 15.03
• P/E Growth: 4.81
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 1.41
• Current Ratio: 0.91
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $19.85 billion
• Price / Sales: 2.75
• Cash Flow: $7.77 per share
• Price / Cash Flow: 8.86
• Book Value: $47.36 per share
• Price / Book: 1.45

Miscellaneous

• Outstanding Shares: 793,428,000
• Free Float: N/A
• Market Cap: $54.62 billion
• Optionable: Optionable
• Beta: 0.61