National Grid Transco ( (NGG) ) has provided an update.
On April 28, 2025, National Grid plc announced the filing of a three-year rate plan proposal with the New York Public Service Commission for its Upstate New York business, NIMO. The proposal, covering May 2025 to March 2028, includes a 9.5% Return on Equity and significant capital investments in electricity and gas infrastructure. This plan aims to enhance reliability, integrate renewable energy, and support New York’s emissions reduction goals while maintaining customer affordability through efficiency and bill assistance programs. The proposal’s approval is anticipated to have a positive impact on National Grid’s operations and its strategic positioning in the energy market.
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 prominent company in the energy sector, focusing on electricity and natural gas distribution. It operates primarily in the United Kingdom and the northeastern United States, with a significant presence in Upstate New York through its subsidiary, Niagara Mohawk Power Corporation (NIMO). The company serves approximately 1.7 million electric and 600,000 gas customers in this region, representing around 15% of its regulated asset base.
YTD Price Performance: 20.99%
Average Trading Volume: 753,292
Technical Sentiment Signal: Sell
Current Market Cap: $69.74B
See more data about NGG stock on TipRanks’ Stock Analysis page.