National Grid Updates Voting Share Capital After Scrip Dividend Share Issue

The latest announcement is out from National Grid Transco ( (NGG) ).

On 13 January 2026, National Grid plc reported a change in its share capital following the issue of 7,084,688 ordinary shares under its Scrip Dividend Scheme for the 2025/26 interim dividend. As a result, the company’s registered capital now comprises 5,198,968,690 ordinary shares, of which 230,306,051 are held in treasury, leaving 4,968,662,639 shares carrying voting rights. This updated voting share total is to be used by investors when calculating whether they must disclose new or amended holdings under UK Financial Conduct Authority disclosure and transparency rules, underscoring ongoing adjustments to National Grid’s capital base driven by shareholder participation in its scrip dividend programme.

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. Listed in both London and New York, it provides critical energy infrastructure and services across the UK and parts of the US, with a focus on regulated network operations and long-term, stable cash flows for investors.

Average Trading Volume: 635,116

Technical Sentiment Signal: Buy

Current Market Cap: $78.5B

Find detailed analytics on NGG stock on TipRanks’ Stock Analysis page.