Education
About Us
Working with TipRanks
Follow Us
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$61.48 - $94.64
Previous CloseN/A
Volume161.11K
Average Volume (3M)1.19M
Market Cap
$88.36B
Enterprise Value$111.52B
Total Cash (Recent Filing)$4.06B
Total Debt (Recent Filing)$45.91B
Price to Earnings (P/E)21.6
Beta0.16
Next Earnings
May 14, 2026EPS Estimate
3.31Next Dividend Ex-DateN/A
Dividend Yield4.03%
Share Statistics
EPS (TTM)1.95
Shares Outstanding994,261,840
10 Day Avg. Volume1,316,372
30 Day Avg. Volume1,187,591
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 Cap1.26
Enterprise Value/Revenue6.45
Enterprise Value/Gross Profit21.86
Enterprise Value/Ebitda15.39
Forecast
1Y Price Target
$85.50Price Target Upside13.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.24
Revenue Forecast (FY)$26.30B
Bulls Say, Bears Say
Bulls Say
Regulatory Approvals & Policy SupportSubstantial regulatory approvals materially reduce execution and revenue risk across multi-year projects. Acceptance of RIIO‑T3 and US rate case progress give durable visibility into allowed returns and cash recovery, supporting multi-year capex deployment and predictable regulated revenue accrual.
Strong Operating Cash Generation & High MarginsConsistently high gross margins and operating cash flow indicate durable operational efficiency. This cash-generative base supports reinvestment in the regulated asset base and dividend policy, helping fund large long-term projects despite heavy capex requirements.
Large, Underpinned Investment Programme And Financing AccessA large, underpinned capital plan combined with active debt programmes demonstrates capacity to finance sustained infrastructure growth. Formal EMTN access and documentation enhance funding optionality for the multi-decade investment pipeline and reduce execution risk from financing gaps.
Bears Say
Heavy Capital Expenditure & Negative Free Cash FlowPersistent negative free cash flow from large capex means internal cash won’t fully fund growth, increasing reliance on external financing. Over the medium term this pressures liquidity and requires careful capital allocation to avoid crowding out dividends or increasing leverage.
Declining Revenue TrendA recent downtrend in revenue growth erodes operating leverage and signals exposure to regulatory mechanisms and market pressures. If sustained, weaker top-line momentum could compress future allowed revenue increases and reduce headroom for margin recovery across regulatory cycles.
Elevated Leverage & Rising Finance CostsHigher net finance costs and material indexed-linked liabilities raise the company’s effective funding cost. Over several quarters, this can constrain returns on new investments, reduce free cash flow conversion, and necessitate tougher trade-offs between capex, dividends and debt management.
National Grid Transco News
NGG FAQ
What was National Grid’s price range in the past 12 months?
National Grid lowest stock price was $61.48 and its highest was $94.64 in the past 12 months.
What is National Grid’s market cap?
National Grid’s market cap is $88.36B.
When is National Grid’s upcoming earnings report date?
National Grid’s upcoming earnings report date is May 14, 2026 which is in 66 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 3.31.
How many shares outstanding does National Grid have?
National Grid has 994,261,840 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 822.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days <0.1%
Last 30 Days ▲ 6.7%
Last 30 Days ▲ 6.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
57.73%
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
0.15% Mutual Funds
0.90% Other Institutional Investors
98.77% Public Companies and
Individual Investors