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National Grid Transco ( (NGG) ) has provided an update.
On May 30, 2025, National Grid plc announced a notification of major interest in its ordinary shares by Bank of America Corporation. The notification revealed that Bank of America’s total interest in National Grid’s voting ordinary shares had changed due to an acquisition or disposal of financial instruments, with the threshold being crossed on May 29, 2025. This adjustment in holdings reflects a decrease in Bank of America’s voting rights in National Grid from a previous position of 5.599285% to 2.576835%. This change could have implications for shareholder dynamics and influence within the company.
The most recent analyst rating on (NGG) stock is a Buy with a $80.40 price target. To see the full list of analyst forecasts on National Grid Transco stock, see the NGG Stock Forecast page.
Spark’s Take on NGG Stock
According to Spark, TipRanks’ AI Analyst, NGG is a Outperform.
National Grid Transco’s overall stock score reflects solid financial performance despite challenges in revenue and profitability. The technical indicators show bullish momentum, and the valuation offers a reasonable P/E with an attractive dividend yield. The positive sentiment from the recent earnings call, highlighting significant investments and strategic initiatives, further bolsters the stock’s outlook.
To see Spark’s full report on NGG stock, click here.
More about National Grid Transco
National Grid plc is a major player in the utilities industry, primarily focusing on the transmission and distribution of electricity and gas. The company operates in the United Kingdom and the United States, providing essential energy infrastructure services.
Average Trading Volume: 948,223
Technical Sentiment Signal: Buy
Current Market Cap: $69.19B
See more insights into NGG stock on TipRanks’ Stock Analysis page.