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National Grid Updates Voting Share Capital and Discloses Routine PDMR Dealings

Story Highlights
  • National Grid confirmed its voting share capital at 4.97 billion shares as of 31 March 2026, updating the basis for regulatory disclosure thresholds.
  • The company disclosed routine share purchases by its CFO and a closely associated person, highlighting compliance with UK market abuse and transparency rules rather than strategic change.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
National Grid Updates Voting Share Capital and Discloses Routine PDMR Dealings

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National Grid Transco ( (NGG) ) has issued an announcement.

National Grid plc reported that as of 31 March 2026 its registered capital comprised 5,198,968,690 ordinary shares, of which 225,541,858 were held in treasury, leaving 4,973,426,832 shares in issue with voting rights for regulatory disclosure calculations. This update, disclosed via a Form 6-K on 30 April 2026, provides investors with a fresh denominator for monitoring substantial shareholdings under UK transparency rules.

The company also reported routine management share dealings in April 2026, including Chief Financial Officer Andy Agg’s purchase of 11 partnership shares on 7 April under a share incentive plan. In a separate notification dated 28 April 2026, National Grid detailed earlier automatic dividend reinvestment share acquisitions by a person closely associated with Agg between August 2024 and January 2026, underscoring ongoing compliance with market abuse and transparency regulations rather than signaling any strategic shift.

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 group that owns and operates electricity and gas transmission and distribution networks, primarily in the United Kingdom and the northeastern United States. The company plays a central role in national energy security and grid reliability, with its shares listed in London and its securities registered with U.S. regulators.

Average Trading Volume: 1,172,608

Technical Sentiment Signal: Strong Buy

Current Market Cap: $85.81B

For detailed information about NGG stock, go to TipRanks’ Stock Analysis page.

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