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The latest announcement is out from National Grid Transco ( (NGG) ).
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 the operation of its Scrip Dividend Scheme for the 2025/26 interim dividend, payable on 13 January 2026. Under the scheme, 6,613,638 ordinary shares will be issued at 1,130.40 pence per share, while a further 94,210 American Depositary Receipts—equivalent to 471,050 ordinary shares—will be issued to US ADR holders at US$74.2334 per ADR; dealings in the new shares are expected to begin on 13 January 2026, with the new stock ranking pari passu with existing ordinary shares, modestly expanding the company’s equity base and offering shareholders a share-based 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 utilities company that owns and operates electricity and gas transmission and distribution networks, primarily in the United Kingdom and the northeastern United States. The group plays a central role in energy infrastructure, ensuring the delivery of power and gas to households and businesses, and is a key constituent of the London market for income-focused and infrastructure investors.
Average Trading Volume: 630,419
Technical Sentiment Signal: Buy
Current Market Cap: $79.47B
Learn more about NGG stock on TipRanks’ Stock Analysis page.