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National Grid plc

NGG · NYSE

Market closed$83.99$1.48 (+1.79%)After hours $84.22 · +0.27%

Key statistics

Previous close$83.99
Open$84.35
Day high$85.02
Day low$83.74
52-week high$94.64
52-week low$67.52
Market cap83.58B
Volume770.53K
Average volume1.29M
P/E ratio19.10
Forward P/E—
EPS4.40
Dividend yield+3.88%

Market context

Why it moved

NGG (National Grid) shares rose amid a broader positive sentiment in the utilities sector, supported by favorable momentum in energy markets as natural gas futures also gained on the day.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026National Grid closed up nearly 1.8%, buoyed by its recently announced $1.75 billion investment in Joulent — a U.S. energy platform building a 2.67-gigawatt gas-fired facility in West Texas to power a Microsoft data center under a 20-year agreement — reinforcing the company's AI-driven U.S. growth strategy. The move comes alongside a sector-wide tailwind, with utilities benefiting from easing Treasury yields following softer inflation data and strong Q2 earnings growth expectations of ~14% for the sector, as investors rotate into defensive dividend plays.

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July 16, 2026National Grid closed modestly lower as RBC's recent downgrade of the Utilities sector to underweight — citing expensive valuations and weak fund flows — weighed on sentiment. The pullback comes despite significant strategic momentum: National Grid confirmed a $1.75B investment for a 35% stake in Joulent, a U.S. energy platform developing a 2.67 GW gas-fired facility in West Texas to power a Microsoft data center under a 20-year PPA, underscoring the company's push to capitalize on AI-driven power demand. Shareholders also passed all 22 resolutions at the July 14 AGM, including approval of the company's £70B five-year capital investment program.

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July 16, 2026National Grid closed modestly lower as its 2026 AGM delivered broadly routine outcomes — all 22 resolutions passed with 76.92% of issued share capital voted, covering dividends, director elections, and share authorities — offering little surprise catalyst for the stock. Weighing more on sentiment was RBC Capital Markets' downgrade of the Utilities sector to underweight, citing stretched valuations as one of the most expensive sectors in the S&P 500, while the company's £70B five-year capital program and data center electricity demand scrutiny remain key investor talking points heading into the second half of 2026.

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July 15, 2026National Grid closed essentially flat as investors focused on the company's 2026 AGM, where all 22 resolutions passed with strong shareholder backing and management outlined a record investment year alongside an expanded five-year capital program. The AGM drew scrutiny over National Grid's £70 billion investment plan amid questions around climate commitments and data center demand, while the broader utilities sector faced headwinds after RBC Capital Markets downgraded Utilities to underweight, citing stretched valuations as one of the most expensive sectors in the S&P 500.

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July 13, 2026National Grid edged higher as investors weighed a sector downgrade from RBC Capital Markets, which cut Utilities to underweight citing stretched valuations — calling it 'one of the most expensive sectors in the S&P 500' — alongside weak fund flows and a neutral analyst performance outlook. The headwind was partially offset by National Grid's recent Q2 2026 earnings report, where EPS narrowly missed estimates but shares held up, underscoring the stock's appeal as a regulated, income-oriented utility with a long-dated capital investment program. The broader macro backdrop — elevated inflation fears tied to renewed U.S.-Iran tensions and a 10-year Treasury yield near 4.56% — continues to weigh on rate-sensitive utility names.

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July 11, 2026National Grid plc closed modestly higher, buoyed by its steady regulated utility profile spanning UK electricity transmission and US Northeast operations. Investor attention remains on the company's transatlantic role in the energy transition, including its East Coast offshore wind backbone and enhanced asset management programs across New York and New England networks. While the broader utilities sector trades at a slight premium to fair value per Morningstar's Q3 outlook and slipped 0.6% in Q2, National Grid's regulated earnings model and capital investment pipeline continue to underpin sentiment, with near-term technical signals pointing positive.

0.328

July 9, 2026National Grid's ADR closed modestly lower as rising geopolitical tensions—stemming from renewed U.S.-Iran military exchanges that pushed crude oil sharply higher—rekindled inflation fears and lifted bond yields, weighing on rate-sensitive utilities. Despite the near-term pressure, the company is highlighted as a dividend play for inflation-wary investors, with its transatlantic regulated utility profile and ongoing energy transition investments in U.S. and UK transmission infrastructure remaining key long-term narratives for investors.

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July 9, 2026National Grid edged modestly higher, outperforming the broader market as a geopolitical risk-off move—triggered by President Trump declaring the Iran ceasefire 'over' and sending oil prices surging over 5%—paradoxically supported defensive utility names. Investor attention remains focused on National Grid's ambitious £60B+ capital investment program, its Enhanced Transmission Asset Management framework across UK and US Northeast networks, and the long-term electricity demand growth story tied to data center buildout and the energy transition, even as some analysts flag stretched valuation and elevated debt levels.

0.5054

Syracuse.com · July 17, 2026National Grid faces nearly $17 million penalty for poor customer service in Upstate NYPR Newswire · July 1, 2026National Grid Ventures to invest $1.75bn to accelerate power solutions for U.S. data centers and AICBS News · June 25, 2026National Grid mistakenly took more than $28,000 from woman's bank account for gas bill she didn't owe: "It was utter panic"GuruFocus · May 29, 2026National Grid PLC (NGG) Shares Fall 3.9% -- What GF Score of 74 Tells InvestorsGuruFocus · May 14, 2026National Grid (NGG) Reports FY Results with Strong EPS Growth anThe Globe and Mail · March 3, 2026National Grid Boosts £70bn Investment Plan and Accepts RIIO-T3 Price Control
Mt Newswire · July 1, 2026National Grid Ventures Agrees to Invest $1.75 Billion for 35% Stake in Joulent
Benzinga · July 1, 2026National Grid Ventures To Acquire 35% Stake In Power Solutions Provider Joulent For $1.75B
Mt Newswire · May 14, 2026Research Alert: CFRA Maintains Buy Opinion On Adss Of National Grid Plc
Mt Newswire · May 14, 2026Research Alert: National Grid Reports Solid Fy 26 Results Amid Increased Regulatory Clarity
Mt Newswire · April 9, 2026RBC Raises Price Target on National Grid to GBP14 From GBP11.25, Keeps Sector Perform Rating
Mt Newswire · March 25, 2026National Grid Collaborates With GridCARE to Connect AI Data Centers
Benzinga · March 25, 2026National Grid Teams Up With GridCARE To Speed Up Power Access
Benzinga · March 16, 2026UBS Downgrades National Grid to Sell

Peers

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