National Grid (GB:NG)
LSE:NG
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NG Stock Chart & Stats
1274.80 p
10.20 p(1.09%)
At close: 4:00 PM EST
1274.80 p
10.20 p(1.09%)
Day’s Range― - ―
52-Week Range1,000.00 p - 1,428.50 p
Previous CloseN/A
Volume916.99K
Average Volume (3M)9.07M
Market Cap
£60.16B
Enterprise Value105.86B
Total Cash (Recent Filing)£2.83B
Total Debt (Recent Filing)£46.76B
Price to Earnings (P/E)18.6
Beta0.76
Next Earnings
Nov 05, 2026EPS Estimate
0.34Next Dividend Ex-DateN/A
Dividend Yield4.15%
Share Statistics
EPS (TTM)0.66
Shares Outstanding4,975,710,400
10 Day Avg. Volume10,299,451
30 Day Avg. Volume9,074,946
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)1.60
Price to Sales (P/S)3.55
P/FCF Ratio-16.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,368.00Price Target Upside7.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.89
Revenue Forecast (FY)£19.91B
Bulls Say, Bears Say
Bulls Say
Regulated Revenue ModelNational Grid’s core earnings derive from multi-year regulatory frameworks and allowed returns tied to its regulated asset base. That structure provides durable, contract-like cash flow visibility, aligns returns with capex, and makes growth largely a function of approved investment programs rather than commodity cycles.
Consistent Operating Cash GenerationStable operating cash flow in the £4.5B–£6.9B range underpins the utility’s ability to fund day-to-day operations and support long-term capital programs. Sustained operating cash provides a buffer for investment cycles and helps maintain dividend capacity despite episodic negative free cash flow.
Improving Equity SupportRising equity over recent years indicates some de-risking of the capital structure and greater headroom to absorb investment-driven growth. Stronger equity cushions leverage, can lower refinancing pressure over cycles, and improves capacity to finance grid modernization through a more balanced funding mix.
Bears Say
Persistently Negative Free Cash FlowSustained negative free cash flow signals that investment and capex outstrips internally generated cash, forcing reliance on external financing. Over months, this raises the risk of higher funding costs, equity issuance or incremental debt, which can pressure credit metrics and limit capital allocation flexibility.
Elevated Leverage And Large Absolute DebtHigh absolute debt and elevated leverage reduce financial flexibility and increase sensitivity to interest rates and refinancing cycles. For a capital-intensive utility, this constrains management’s ability to accelerate discretionary programs and heightens the impact of any adverse regulatory or macro shifts on creditworthiness.
Revenue Volatility And Inconsistent MarginsIrregular revenue trends and fluctuating margins weaken near-term earnings predictability despite regulatory frameworks. Inconsistent margins complicate rate-case planning and make it harder to demonstrate sustained efficiency gains to regulators, increasing the risk that allowed returns or cost recovery may not fully offset swings.
National Grid News
NG FAQ
What was National Grid’s price range in the past 12 months?
National Grid lowest share price was 1000.00 p and its highest was 1428.50 p in the past 12 months.
What is National Grid’s market cap?
National Grid’s market cap is £60.16B.
When is National Grid’s upcoming earnings report date?
National Grid’s upcoming earnings report date is Nov 05, 2026 which is in 143 days.
How were National Grid’s earnings last quarter?
National Grid released its earnings results on May 14, 2026. The company reported 0.482 p earnings per share for the quarter, the consensus estimate of 0.482 p by 0 p.
Is National Grid overvalued?
According to Wall Street analysts National Grid’s price is currently Undervalued.
Does National Grid pay dividends?
National Grid pays a Semiannually dividend of 32.14 p which represents an annual dividend yield of 4.15%. See more information on National Grid dividends here
What is National Grid’s EPS estimate?
National Grid’s EPS estimate is 0.34.
How many shares outstanding does National Grid have?
National Grid has 4,975,710,400 shares outstanding.
What happened to National Grid’s price movement after its last earnings report?
National Grid reported an EPS of 0.482 p in its last earnings report, expectations of 0.482 p. Following the earnings report the stock price went up 1.136%.
Which hedge fund is a major shareholder of National Grid?
Currently, no hedge funds are holding shares in GB:NG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
National Grid Stock Smart Score
Outperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
£1,368.00 (7.31% Upside)
£1,368.00 (7.31% Upside)
Insider Transactions
Bought Shares
Worth £94.0K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.48%
12-Months-Change
Fundamentals
Return on Equity
8.47%
Trailing 12-Months
Asset Growth
1.44%
Trailing 12-Months
Company Description
National Grid
National Grid plc operates as a major energy utility, focusing on the transmission and distribution of both electricity and natural gas. Its business is organized into distinct geographical and operational segments. Within the United Kingdom, it oversees the high-voltage electricity transmission network and related construction across England and Wales. It also handles electricity distribution for specific regions, including the Midlands, South West England, and South Wales. Furthermore, as the UK Electricity System Operator, the company plays a crucial role in balancing electricity supply and demand throughout Great Britain's transmission system and acts on behalf of other transmission operators. In the United States, its New England and New York divisions are responsible for the distribution of electricity and gas, alongside electricity transmission services, in their respective territories. Beyond these core functions, National Grid also provides cross-border electricity transmission via interconnectors, manages an LNG importation facility at the Isle of Grain, divests renewable energy projects, engages in the leasing and sale of commercial properties, and undertakes insurance activities within the UK. The company was founded in 1990 and maintains its headquarters in London, United Kingdom.
NG Stock 12 Month Forecast
Average Price Target
1,368.00 p
▲(7.31% Upside)
Technical Analysis
Options Prices
Currently, No data available
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