National Grid plc
NGG · NYSE
Company research
National Grid plc (NYSE: NGG) is a British multinational electricity and gas utility company founded in 1990 and headquartered in London, United Kingdom, operating as one of the largest investor-owned utility companies in the world. The company engages in the transmission and distribution of electricity and gas, with principal operations spanning the United Kingdom — where it owns and operates high-voltage electricity transmission networks in England and Wales, as well as electricity distribution networks across the Midlands, Southwest England, and South Wales — and the northeastern United States, where it serves more than 20 million customers across New York and New England. National Grid also operates through its National Grid Ventures segment, which manages international electricity interconnectors and LNG importation facilities, while committing approximately £70 billion in capital investment over five years to modernize energy infrastructure and support the global energy transition. The company is primarily listed on the London Stock Exchange as a constituent of the FTSE 100 Index, with a secondary listing on the New York Stock Exchange in the form of American Depositary Receipts, and reported statutory revenues of approximately £18.4 billion for fiscal year 2025.
Research reports
Danelfin · July 7, 2026NGG Stock AI Analysis – National Grid PLC
Danelfin’s AI-driven report assigns National Grid an AI Score of 8/10 (Buy), estimating a 63.26% probability of beating the S&P 500 over the next three months, a 12.96% advantage over the average U.S.-listed stock. The thesis is that favorable sentiment, valuation, momentum, and multi-utilities sector factors outweigh modest negatives in earnings quality and market fear, supporting a short‑term pro‑risk stance on NGG.
Sure Dividend · March 7, 2026National Grid (NGG)Sure Dividend’s March 7, 2026 report rates NGG as a Hold, viewing the ADR as about 15% above its $78 fair value (vs. ~$90 current price at publication) with a projected 5.2% annual total return driven mainly by a 4.1% dividend yield and roughly 4% EPS growth. The analyst highlights restructuring-driven focus on regulated transmission and distribution, but flags elevated leverage, a high payout ratio, RIIO-3 regulatory uncertainty, and potential UK transmission nationalization as key risks that cap upside despite an attractive income profile.
EveryTicker · December 12, 2025NGG - National Grid plc Stock Quote & AnalysisEveryTicker’s qualitative analysis describes National Grid’s “Great Electrification Pivot,” noting that the business has shifted to over 75% electric by 2026 and is pursuing a £60 billion capex program tied to offshore wind build-out and surging AI data center demand, creating a growth profile atypical for a regulated utility. The thesis is that this investment cycle can drive regulated asset base growth and support management’s 6–8% EPS CAGR ambitions, but it stresses execution and financing risk around the ASTI transmission program and outcome risk around Ofgem’s RIIO‑T3 determination as critical variables for investors to monitor.
KoalaGains · October 29, 2025National Grid plc (NGG) Stock Analysis & Key MetricsKoalaGains’ October 29, 2025 report analyzes NGG through business moat, financials, past performance, future growth, and fair value, concluding that while National Grid enjoys natural-monopoly characteristics and a nearly 4% dividend yield, its balance sheet is weak with very high debt, negative free cash flow, and profitability constrained by tough UK regulation. The piece judges the stock roughly fairly valued and portrays NGG as a higher‑risk utility suitable primarily for income investors who can tolerate regulatory and leverage uncertainty, with the £60 billion energy-transition capex plan framed as both the main growth avenue and a key source of risk.