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National Grid Transco ( (NGG) ) has issued an announcement.
On 14 May 2026, National Grid reported full-year results for the period ended 31 March 2026, highlighting record capital investment of £11.6 billion, 10.9% asset growth and underlying earnings per share up 8% at constant currency to 78.0p. Statutory EPS rose 9% to 65.5p, while the total dividend per share increased 3.8% to 48.49p, and the group completed divestments of National Grid Renewables and Grain LNG as it sharpened its focus on core regulated networks.
The company unveiled an expanded five-year financial framework to 2030/31, committing at least £70 billion of capital investment, largely backed by regulatory agreements in the UK and US, and targeting around 10% annual asset growth and 8–10% annual underlying EPS growth. Management said supply chains are secured for most of the plan, regulatory clarity has improved with key rate and price-control decisions in the UK and US, and underlying EPS is expected to rise a further 13–15% in 2026/27 as new allowances and projects ramp up, reinforcing visibility for investors and broader energy-system upgrades.
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 energy infrastructure company that owns and operates electricity and gas transmission and distribution networks in the UK and the US Northeast. Its core business is regulated network operations that support energy security, system reliability and the transition to cleaner power, with a focus on long-term, inflation-linked returns from large-scale grid investment.
Average Trading Volume: 1,174,492
Technical Sentiment Signal: Strong Buy
Current Market Cap: $85.93B
Learn more about NGG stock on TipRanks’ Stock Analysis page.