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National Grid Transco ( (NGG) ) has shared an announcement.
On 2 March 2026, National Grid extended and upgraded its financial framework to fiscal 2031, outlining at least £70 billion of cumulative capital investment and targeting around 10% compound annual asset growth and 8–10% underlying EPS growth from an FY26 baseline, while maintaining a strong balance sheet and dividend growth in line with UK CPIH. The company plans a 70% step-up in spending versus the prior five years, including roughly £31 billion for UK electricity transmission and sizable increases in US networks, and it now expects underlying EPS growth of 13–15% in FY27 as new regulatory revenues phase in.
National Grid also confirmed on 2 March 2026 that it has accepted Ofgem’s RIIO‑T3 price control for its UK Electricity Transmission business covering April 2026 to March 2031, following detailed engagement since Ofgem’s final determination in December 2025. Management said the settlement should enable returns on equity above 9% and allow nearly a doubling of power transfer capability across Britain, supporting faster delivery of major projects, lower constraint costs and stronger visibility of investment-driven growth for consumers, the UK economy and long-term investors.
The most recent analyst rating on (NGG) stock is a Buy with a $105.00 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 score reflects strong earnings call insights and technical momentum, balanced by financial performance challenges and moderate valuation. The company’s strategic investments and regulatory support are key strengths, while high capital expenditures and revenue pressures pose risks.
To see Spark’s full report on NGG stock, click here.
More about National Grid Transco
National Grid plc is a UK-based energy infrastructure company that owns and operates electricity and gas transmission and distribution networks in Britain and the US Northeast. Its regulated businesses span UK electricity transmission and distribution and regulated utilities in New York and New England, with additional activities in National Grid Ventures, positioning it at the centre of grid investment for decarbonisation and energy security.
Average Trading Volume: 843,507
Technical Sentiment Signal: Buy
Current Market Cap: $92.98B
For detailed information about NGG stock, go to TipRanks’ Stock Analysis page.