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National Grid (NGG)
NYSE:NGG
NGG Stock Chart & Stats
$75.51
-$0.77(-1.31%)
At close: 4:00 PM EST
$75.51
-$0.77(-1.31%)
Day’s Range― - ―
52-Week Range$59.35 - $93.13
Previous CloseN/A
Volume161.11K
Average Volume (3M)907.07K
Market Cap
$92.66B
Enterprise Value$112.93B
Total Cash (Recent Filing)$4.06B
Total Debt (Recent Filing)$45.91B
Price to Earnings (P/E)24.5
Beta0.15
Next Earnings
May 14, 2026EPS Estimate
3.29Next Dividend Ex-DateN/A
Dividend Yield4.03%
Share Statistics
EPS (TTM)1.95
Shares Outstanding994,258,240
10 Day Avg. Volume1,321,107
30 Day Avg. Volume907,074
Financial Highlights & Ratios
PEG Ratio2.52
Price to Book (P/B)1.26
Price to Sales (P/S)2.60
P/FCF Ratio-14.12
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue6.54
Enterprise Value/Gross Profit22.13
Enterprise Value/Ebitda15.59
Forecast
1Y Price Target
$85.50Price Target Upside13.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.23
Revenue Forecast (FY)$26.48B
Bulls Say, Bears Say
Bulls Say
Regulated Revenue BaseNational Grid’s core business of regulated gas transportation yields predictable fee-based revenues and strong cash visibility. Regulatory frameworks allow cost recovery and long-term contracts, supporting steady cash generation, investment planning and an inflation-linked dividend policy over the medium term.
Strong Operating Cash Generation And MarginsConsistent operating cash flow that covers net income, combined with gross margins consistently above 75%, indicates durable operational efficiency and cash conversion. This cash-generative profile underpins the company’s ability to fund operations, sustain dividends and support large infrastructure programs.
Regulatory Approvals Underpin Capital PlanSubstantial regulatory approval (c.75%) and policy support for multi-year investments reduces execution and revenue recovery risk. That approval profile increases visibility on returns for large projects, improves funding predictability and lowers regulatory uncertainty for the company’s multi-billion pound investment program.
Bears Say
Negative Free Cash Flow From Heavy CapexSustained negative free cash flow from capital spending that outpaces operating cash generation creates reliance on external financing or equity issuance to fund projects. Over time this constrains financial flexibility, increases borrowing needs and can pressure the balance between investment, dividends and credit metrics.
Revenue Decline TrendA multi-year downtrend in reported revenue growth reduces headroom for covering fixed network costs and margin maintenance. Persistent or structural revenue weakness limits internal funding for capex, increases sensitivity to regulatory recovery mechanisms, and raises stakes on efficiency improvements to sustain returns.
Moderate Leverage And Rising Finance CostsHigher average net debt and inflation-linked liabilities have pushed up net finance costs, increasing fixed financial burden. Elevated interest expense reduces net income resilience, limits capacity for further borrowing and makes the company more sensitive to higher rates and inflation over the medium term.
National Grid Transco News
NGG FAQ
What was National Grid’s price range in the past 12 months?
National Grid lowest stock price was $59.35 and its highest was $93.13 in the past 12 months.
What is National Grid’s market cap?
National Grid’s market cap is $92.66B.
When is National Grid’s upcoming earnings report date?
National Grid’s upcoming earnings report date is May 14, 2026 which is in 86 days.
How were National Grid’s earnings last quarter?
National Grid released its earnings results on Nov 06, 2025. The company reported $1.952 earnings per share for the quarter, beating the consensus estimate of $1.845 by $0.107.
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 $1.056 which represents an annual dividend yield of 4.03%. See more information on National Grid dividends here
What is National Grid’s EPS estimate?
National Grid’s EPS estimate is 3.29.
How many shares outstanding does National Grid have?
National Grid has 994,258,240 shares outstanding.
What happened to National Grid’s price movement after its last earnings report?
National Grid reported an EPS of $1.952 in its last earnings report, beating expectations of $1.845. Following the earnings report the stock price went up 1.22%.
Which hedge fund is a major shareholder of National Grid?
Currently, no hedge funds are holding shares in NGG
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 Transco Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$85.50 (13.23% Upside)
$85.50 (13.23% Upside)
Blogger Sentiment
Bullish
NGG Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 356.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 1.5%
Last 30 Days ▲ 1.5%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
57.34%
12-Months-Change
Fundamentals
Return on Equity
7.53%
Trailing 12-Months
Asset Growth
2.25%
Trailing 12-Months
Company Description
National Grid
National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain's electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.
NGG Company Deck
NGG Earnings Call
Q2 2025
0:00 / 0:00
Earnings Call Sentiment|Positive
National Grid's earnings call highlights significant achievements in capital investment, regulatory approvals, and operational performance, despite facing some challenges in revenue pressures and cost management. The company's strong financial and strategic position points towards continued growth and resilience.View all NGG earnings summariesNGG Stock 12 Month Forecast
Average Price Target
$85.50
▲(13.23% Upside)
Technical Analysis
Ownership Overview
―
Insiders
0.16% Mutual Funds
0.06% Other Institutional Investors
99.61% Public Companies and
Individual Investors