National Grid, the Utilities sector company, was revisited by a Wall Street analyst on March 6. Analyst Marcin Wojtal from Bank of America Securities reiterated a Buy rating on the stock and has a p1,525.00 price target.
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Marcin Wojtal has given his Buy rating due to a combination of factors, beginning with National Grid’s upgraded plan that targets high single‑digit to low double‑digit annual EPS growth through 2031 while still offering a solid cash dividend yield. He also highlights that most future earnings are tied to regulated capex rather than macroeconomic growth or wholesale power prices, which in his view materially enhances visibility and lowers risk.
In addition, Wojtal points to a more supportive regulatory backdrop in both the U.K. and the U.S., a balance sheet that should not require fresh equity at least until 2031, and early positive signals from the new CEO’s strategy and guidance actions. Finally, despite a premium on EV/RAV, he argues that strong value creation and robust regulated asset base growth justify this, especially as the stock still trades at a P/E discount versus many European grid and integrated utility peers.
According to TipRanks, Wojtal is a 4-star analyst with an average return of 10.9% and a 76.19% success rate.
In another report released today, TipRanks – Google also reiterated a Buy rating on the stock with a p1,572.00 price target.