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National Grid (GB:NG)
LSE:NG
Holding GB:NG?
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NG Stock Chart & Stats
Day’s Range0p - 0p
52-Week Range645.00p - 1,062.00p
Previous Close1,050.5p
Volume1.01M
Average Volume (3M)11.25M
Market Cap
£49.86B
Enterprise Value94.17B
Total Cash (Recent Filing)£4.26B
Total Debt (Recent Filing)£47.07B
Price to Earnings (P/E)18.5
Beta0.89
Next Earnings
Nov 07, 2024EPS Estimate
£0.22Last Dividend Ex-Date
Jun 06, 2024Dividend Yield5.39%
Share Statistics
EPS (TTM)0.57
Shares Outstanding4,885,866,277
10 Day Avg. Volume9,025,750
30 Day Avg. Volume11,248,130
Standard Deviation0.05
R-Squared0.07
Alpha0.00470
Financial Highlights & Ratios
Price to Book (P/B)0.00
Price to Sales (P/S)2.60
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
1,111.67pPrice Target Upside8.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
National Grid News
Bulls Say, Bears Say
Bulls Say
Growth OutlookThe UK's plan to overhaul its transmission grid to facilitate more offshore wind connections is seen as a game-changer for NG's growth outlook.
Investment ProgramNational Grid announced a £60bn investment program expected to deliver annual asset growth of c.10%, a 6-8% underlying EPS CAGR from a 2024/25 baseline and a re-based DPS growing in line with UK CPIH.
Stock ValuationThe stock is trading on undemanding multiples below its long-term average, which is considered excessive given the strengthened balance sheet and track record of delivering on capex plans.
Bears Say
Analyst RecommendationOn balance, better value is seen elsewhere and the recommendation remains Neutral.
Dividend ReductionThis positive is diluted by the £7bn equity raise and the cut in dividend.
Market ReactionThe equity issuance and dividend re-basing led to a negative market reaction, with the stock down 16% since the announcement.
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Options Prices
Currently, No data available
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Ownership Overview
0.37% Insiders
10.42% Mutual Funds
9.35% Other Institutional Investors
79.85% Public Companies and Individual Investors
NG FAQ
What was National Grid’s price range in the past 12 months?
National Grid lowest share price was 645.00p and its highest was 1062.00p in the past 12 months.
What is National Grid’s market cap?
Currently, no data Available
When is National Grid’s upcoming earnings report date?
National Grid’s upcoming earnings report date is Nov 07, 2024 which is in 49 days.
How were National Grid’s earnings last quarter?
National Grid released its earnings results on May 23, 2024. The company reported 0.424p earnings per share for the quarter, the consensus estimate of 0.424p by 0p.
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 39.12p which represents an annual dividend yield of 5.39%. See more information on National Grid dividends here
What is National Grid’s EPS estimate?
National Grid’s EPS estimate is £0.22.
How many shares outstanding does National Grid have?
National Grid has 4,885,866,000 shares outstanding.
What happened to National Grid’s price movement after its last earnings report?
National Grid reported an EPS of 0.424p in its last earnings report, expectations of 0.424p. Following the earnings report the stock price went down -10.865%.
Which hedge fund is a major shareholder of National Grid?
Currently, no hedge funds are holding shares in GB:NG
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National Grid Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
1,111.67p (8.83% Upside)
1,111.67p (8.83% Upside)
Insider Transactions
Sold Shares
Worth £3.6M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
19.61%
12-Months-Change
Fundamentals
Return on Equity
7.46%
Trailing 12-Months
Asset Growth
6.07%
Trailing 12-Months
Company Description
National Grid
National Grid PLC owns and operates the electric and gas transmission system in England and Wales. In 2019, it divested its U.K. natural gas distribution business. In the Northeastern United States, it serves 7.1 million electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the U.K., and the Grain (U.K.) liquefied natural gas facility.
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NG Stock 12 Month Forecast
Average Price Target
1,111.67p
▲(8.83% Upside)
Technical Analysis
Best Analysts Covering NG
1 Year
1 Year Success Rate
13/15 ratings generated profit
1 Year Average Return
+11.61%
reiterated a buy rating 3 months ago
Copying Dominic Nash's trades and holding each position for 1 Year would result in 86.67% of your transactions generating a profit, with an average return of +11.61% per trade.
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