tiprankstipranks
National Grid Reports Strong Growth Amid Major Investments
Company Announcements

National Grid Reports Strong Growth Amid Major Investments

National Grid Transco (NGG) has released an update.

Don't Miss our Black Friday Offers:

National Grid is experiencing a significant growth phase, reporting a 14% increase in underlying operating profit to £2.0 billion and an impressive capital investment of £4.6 billion in the first half of 2024. The company successfully completed a £7 billion equity raise to support its ambitious £60 billion investment plan over the next five years, focusing on major transmission projects in the UK and the US. This strategy aims to enhance shareholder value through high-quality asset growth and a stable dividend, while playing a pivotal role in the energy transition.

For further insights into NGG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyNational Grid appoints Steve Smith as Chief Strategy Officer
TipRanks Auto-Generated NewsdeskNational Grid Sees Shift in Major Shareholder Holdings
Christine BrownNational Grid Transco (NGG) Discloses Q1 Dividend: What Shareholders Should Know
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App