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National Grid Transco ( (NGG) ) has shared an update.
On 12 January 2026, National Grid plc announced that it has applied to the UK Financial Conduct Authority and the London Stock Exchange for the admission to listing and trading of 7,084,688 new ordinary shares in connection with its Scrip Dividend Scheme for the 2025/26 interim dividend, payable on 13 January 2026. Under the scheme, 6,613,638 new ordinary shares will be issued at 1,130.40 pence per share, while for US investors holding American Depositary Receipts, 94,210 new ADRs representing 471,050 ordinary shares will be issued at US$74.2334 per ADR, with dealings in the new stock expected to begin on 13 January 2026 and the shares ranking pari passu with existing ordinary shares, modestly increasing the company’s equity base and offering shareholders an alternative to cash dividends.
The most recent analyst rating on (NGG) stock is a Buy with a $85.50 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 utility company that owns and operates electricity and gas transmission and distribution networks, with its primary listing on the London Stock Exchange. It plays a central role in the UK’s energy infrastructure, connecting power generators to homes and businesses and serving investors through regular dividend distributions, including options such as scrip dividends for shareholders who wish to receive shares instead of cash.
Average Trading Volume: 630,419
Technical Sentiment Signal: Buy
Current Market Cap: $79.47B
For detailed information about NGG stock, go to TipRanks’ Stock Analysis page.