National Grid (LSE:NG.) - Stock Price, News & Analysis

NG. Stock Overview

National Grid plc transmits and distributes electricity and gas.

NG. fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	2/6
Financial Health	0/6
Dividends	4/6

Rewards

Trading at 24.9% below our estimate of its fair value

Earnings are forecast to grow 6.27% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 5.44% is not well covered by cash flows

National Grid plc Competitors

Centrica

LSE:CNA

UK£6.9b

Telecom Plus

LSE:TEP

UK£1.3b

SSE

LSE:SSE

UK£17.9b

Sempra

NYSE:SRE

US$45.5b

Price History & Performance

Summary of all time highs, changes and price drops for National Grid
Historical stock prices
Current Share Price	UK£10.47
52 Week High	UK£11.81
52 Week Low	UK£9.18
Beta	0.29
1 Month Change	-0.99%
3 Month Change	0.34%
1 Year Change	-8.40%
3 Year Change	17.38%
5 Year Change	27.19%
Change since IPO	257.78%

Recent updates

Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?

Apr 14

Is National Grid (LON:NG.) A Risky Investment?

Mar 05

Some Confidence Is Lacking In National Grid plc's (LON:NG.) P/E

Jan 07

Here's Why National Grid (LON:NG.) Is Weighed Down By Its Debt Load

Dec 02

National Grid's (LON:NG.) Dividend Will Be Increased To £0.194

Nov 12

National Grid plc (LON:NG.) Shares Could Be 23% Below Their Intrinsic Value Estimate

Oct 21

With EPS Growth And More, National Grid (LON:NG.) Makes An Interesting Case

Sep 28

Calculating The Fair Value Of National Grid plc (LON:NG.)

Jul 23

National Grid (LON:NG.) Has No Shortage Of Debt

Jul 08

Here's Why We Think National Grid (LON:NG.) Might Deserve Your Attention Today

Jun 21

National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.376

May 21

Calculating The Fair Value Of National Grid plc (LON:NG.)

Apr 03

Here's Why National Grid (LON:NG.) Has A Meaningful Debt Burden

Mar 16

Is Now The Time To Put National Grid (LON:NG.) On Your Watchlist?

Mar 01

A Look At The Fair Value Of National Grid plc (LON:NG.)

Dec 22

Is National Grid (LON:NG.) A Risky Investment?

Dec 07

National Grid (LON:NG.) Is Increasing Its Dividend To £0.1784

Nov 17

Does National Grid (LON:NG.) Deserve A Spot On Your Watchlist?

Sep 26

Is National Grid (LON:NG.) A Risky Investment?

Aug 27

An Intrinsic Calculation For National Grid plc (LON:NG.) Suggests It's 23% Undervalued

Jul 27

Should You Be Adding National Grid (LON:NG.) To Your Watchlist Today?

Jun 27

National Grid (LON:NG.) Is Paying Out A Larger Dividend Than Last Year

May 26

Does National Grid (LON:NG.) Have A Healthy Balance Sheet?

May 21

A Look At The Intrinsic Value Of National Grid plc (LON:NG.)

Mar 28

These 4 Measures Indicate That National Grid (LON:NG.) Is Using Debt Extensively

Jan 13

Calculating The Intrinsic Value Of National Grid plc (LON:NG.)

Dec 26

National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At UK£0.17

Nov 21

These 4 Measures Indicate That National Grid (LON:NG.) Is Using Debt Extensively

Sep 28

Are Investors Undervaluing National Grid plc (LON:NG.) By 22%?

Sep 10

Shareholders May Not Be So Generous With National Grid plc's (LON:NG.) CEO Compensation And Here's Why

Jul 20

Is National Grid (LON:NG.) A Risky Investment?

Jun 29

Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?

Jun 11

Shareholder Returns

	NG.	GB Integrated Utilities	GB Market
7D	1.7%	1.7%	2.2%
1Y	-8.4%	-0.2%	0.9%

Return vs Industry: NG. underperformed the UK Integrated Utilities industry which returned -0.2% over the past year.

Return vs Market: NG. underperformed the UK Market which returned 0.9% over the past year.

Price Volatility

Is NG.'s price volatile compared to industry and market?
NG. volatility
NG. Average Weekly Movement	2.3%
Integrated Utilities Industry Average Movement	3.2%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	11.3%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: NG. has not had significant price volatility in the past 3 months.

Volatility Over Time: NG.'s weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	29,450	John Pettigrew	www.nationalgrid.com

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, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.

National Grid plc Fundamentals Summary

How do National Grid's earnings and revenue compare to its market cap?
NG. fundamental statistics
Market cap	UK£38.95b
Earnings (TTM)	UK£2.56b
Revenue (TTM)	UK£20.70b

15.2x

P/E Ratio

1.9x

P/S Ratio

Is NG. overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NG. income statement (TTM)
Revenue	UK£20.70b
Cost of Revenue	UK£0
Gross Profit	UK£20.70b
Other Expenses	UK£18.15b
Earnings	UK£2.56b

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

May 23, 2024

Earnings per share (EPS)	0.69
Gross Margin	100.00%
Net Profit Margin	12.36%
Debt/Equity Ratio	156.8%

How did NG. perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

82%

Payout Ratio

NG. Stock Overview

Rewards

Risk Analysis

National Grid plc Competitors

LSE:CNA

UK£6.9b

LSE:TEP

UK£1.3b

LSE:SSE

UK£17.9b

NYSE:SRE

US$45.5b

Price History & Performance

Recent News & Updates

Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?

Is National Grid (LON:NG.) A Risky Investment?

National Grid plc to Report Fiscal Year 2024 Results on May 23, 2024

Some Confidence Is Lacking In National Grid plc's (LON:NG.) P/E

National Grid plc Announces Board Changes

Here's Why National Grid (LON:NG.) Is Weighed Down By Its Debt Load

Recent updates

Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?

Is National Grid (LON:NG.) A Risky Investment?

National Grid plc to Report Fiscal Year 2024 Results on May 23, 2024

Some Confidence Is Lacking In National Grid plc's (LON:NG.) P/E

National Grid plc Announces Board Changes

Here's Why National Grid (LON:NG.) Is Weighed Down By Its Debt Load

National Grid plc Approves Interim Dividend, Payable on 11 January 2024

Now 20% undervalued

Upcoming dividend of UK£0.19 per share at 5.6% yield

National Grid's (LON:NG.) Dividend Will Be Increased To £0.194

First half 2024 earnings released: EPS: UK£0.29 (vs UK£0.33 in 1H 2023)

National Grid plc (LON:NG.) Shares Could Be 23% Below Their Intrinsic Value Estimate

National Grid Receives $50 Million Grant from the U.S. Department of Energy

National Grid Announces Alisha Collins as Director, Community Impact & Engagement in New England

National Grid plc to Report First Half, 2024 Results on Nov 09, 2023

With EPS Growth And More, National Grid (LON:NG.) Makes An Interesting Case

Now 20% undervalued after recent price drop

National Grid plc Announces Director & Committee Changes

National Grid Announces Lisa Wieland as President of its New England business

Calculating The Fair Value Of National Grid plc (LON:NG.)

National Grid (LON:NG.) Has No Shortage Of Debt

Here's Why We Think National Grid (LON:NG.) Might Deserve Your Attention Today

National Grid Appoints Jim McGaugh as U.S. Head of Corporate Affairs

Consensus revenue estimates increase by 11%, EPS downgraded

Upcoming dividend of UK£0.38 per share at 5.0% yield

National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.376

National Grid plc Proposes Final Dividend for the Year Ended March 31, 2023, Payable on August 9, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Thérèse Esperdy Decides to Step Down from the Board of National Grid as Non-Executive Director, Effective 31 December 2023

Calculating The Fair Value Of National Grid plc (LON:NG.)

Here's Why National Grid (LON:NG.) Has A Meaningful Debt Burden

Is Now The Time To Put National Grid (LON:NG.) On Your Watchlist?

British Columbia Investment Management Corporation and Macquarie Asset Management Inc. completed the acquisition of a 60% stake in National Grid Gas from National Grid plc (LSE:NG.).

A Look At The Fair Value Of National Grid plc (LON:NG.)

National Grid plc Announces Board Changes

Is National Grid (LON:NG.) A Risky Investment?

National Grid (LON:NG.) Is Increasing Its Dividend To £0.1784

Upcoming dividend of UK£0.18 per share

First half 2023 earnings: EPS and revenues exceed analyst expectations

High number of new directors

First half 2023 earnings: EPS and revenues exceed analyst expectations

National Grid plc Approves Interim Dividend, Payable on 11 January 2023

Consensus forecasts updated

DT Midstream, Inc. (NYSE:DTM) completed the acquisition of an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.).

DT Midstream, Inc. (NYSE:DTM) completed the acquisition of an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.).

DT Midstream, Inc. (NYSE:DTM) has entered into an agreement to acquire an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.) for approximately $550 million.

Does National Grid (LON:NG.) Deserve A Spot On Your Watchlist?

Is National Grid (LON:NG.) A Risky Investment?

Now 21% undervalued after recent price drop

An Intrinsic Calculation For National Grid plc (LON:NG.) Suggests It's 23% Undervalued

National Grid plc Appoints Iain Mackay as Director

Should You Be Adding National Grid (LON:NG.) To Your Watchlist Today?

Consensus EPS estimates increase by 14%

Now 20% undervalued

Consensus EPS estimates increase by 22%

National Grid (LON:NG.) Is Paying Out A Larger Dividend Than Last Year

Upcoming dividend of UK£0.34 per share

Does National Grid (LON:NG.) Have A Healthy Balance Sheet?

National Grid plc to Report Q2, 2023 Results on Nov 10, 2022