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NG Stock Chart & Stats
1185.50 p
-5.00 p(-0.40%)
At close: 4:00 PM EDT
1185.50 p
-5.00 p(-0.40%)
Day’s Range― - ―
52-Week Range1,058.50 p - 1,428.50 p
Previous CloseN/A
Volume1.23M
Average Volume (3M)11.62M
Market Cap
£56.45B
Enterprise Value107.13K
Total Cash (Recent Filing)£2.83B
Total Debt (Recent Filing)£46.76B
Price to Earnings (P/E)17.4
Beta0.77
Next Earnings
Nov 05, 2026EPS Estimate
0.34Next Dividend Ex-DateN/A
Dividend Yield4.23%
Share Statistics
EPS (TTM)0.66
Shares Outstanding5,026,834,000
10 Day Avg. Volume15,628,102
30 Day Avg. Volume11,619,862
Financial Highlights & Ratios
PEG Ratio1.92
Price to Book (P/B)1.60
Price to Sales (P/S)3.55
P/FCF Ratio-16.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,322.00Price Target Upside11.51% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.89
Revenue Forecast (FY)£19.87B
Bulls Say, Bears Say
Bulls Say
Regulated Revenue ModelRevenue is anchored by regulated network charges and allowed returns on invested capital in the UK and U.S., reducing exposure to commodity-price speculation. This model can support relatively visible earnings while approved network upgrades expand the asset base over time.
Rate-base Growth FrameworkThe GBP70bn investment framework targets roughly 10% annual asset growth and 8–10% underlying EPS CAGR, with FY27 EPS guided up 13–15%. If delivery and regulatory mechanisms hold, sustained rate-base expansion should support earnings growth beyond a single reporting period.
Reliable Transmission OperationsUK Electricity Transmission delivered 99.99999% reliability while profit rose to GBP1.7bn and RAV grew 16% to GBP23.8bn. This combination of dependable service and expanding regulated assets supports National Grid's operating credibility and longer-term earnings capacity.
Bears Say
Persistent Negative Free Cash FlowFree cash flow has been persistently negative, including sizable 2025–2026 outflows, despite positive operating cash generation. Heavy investment therefore is not self-funded, increasing reliance on debt or equity and reducing flexibility if capital needs or funding costs remain elevated.
Elevated LeverageDebt remains in the mid-to-high GBP40bn range and leverage is elevated, with regulatory gearing expected toward the high-60% range by the framework's end. Rising leverage can constrain financial flexibility and increase sensitivity to financing costs during the investment cycle.
Uncovered Investment ProgrammeAbout one-third of the GBP70bn investment plan lacks regulatory agreement coverage and 25% lacks secured delivery mechanisms. Until these gaps are resolved, part of the planned asset and earnings growth remains exposed to approval, execution, and cost-recovery uncertainty.
National Grid News
NG FAQ
What was National Grid’s price range in the past 12 months?
National Grid lowest share price was 1058.50 p and its highest was 1428.50 p in the past 12 months.
What is National Grid’s market cap?
National Grid’s market cap is £56.45B.
When is National Grid’s upcoming earnings report date?
National Grid’s upcoming earnings report date is Nov 05, 2026 which is in 34 days.
How were National Grid’s earnings last quarter?
National Grid released its earnings results on May 14, 2026. The company reported 0.482 p earnings per share for the quarter.
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 32.14 p which represents an annual dividend yield of 4.23%. See more information on National Grid dividends here
What is National Grid’s EPS estimate?
National Grid’s EPS estimate is 0.34.
How many shares outstanding does National Grid have?
National Grid has 5,026,834,000 shares outstanding.
What happened to National Grid’s price movement after its last earnings report?
National Grid reported an EPS of 0.482 p in its last earnings report. Following the earnings report the stock price went up 1.136%.
Which hedge fund is a major shareholder of National Grid?
Currently, no hedge funds are holding shares in GB:NG
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 Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
£1,322.00 (11.51% Upside)
£1,322.00 (11.51% Upside)
Blogger Sentiment
Neutral
GB:NG Sentiment 100%
Sector Average 61%
Sector Average 61%
Insider Transactions
Sold Shares
Worth £1.9M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
11.67%
12-Months-Change
Fundamentals
Return on Equity
4.23%
Trailing 12-Months
Asset Growth
1.44%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
National Grid
National Grid plc operates as a major energy utility, focusing on the transmission and distribution of both electricity and natural gas. Its business is organized into distinct geographical and operational segments. Within the United Kingdom, it oversees the high-voltage electricity transmission network and related construction across England and Wales. It also handles electricity distribution for specific regions, including the Midlands, South West England, and South Wales. Furthermore, as the UK Electricity System Operator, the company plays a crucial role in balancing electricity supply and demand throughout Great Britain's transmission system and acts on behalf of other transmission operators. In the United States, its New England and New York divisions are responsible for the distribution of electricity and gas, alongside electricity transmission services, in their respective territories. Beyond these core functions, National Grid also provides cross-border electricity transmission via interconnectors, manages an LNG importation facility at the Isle of Grain, divests renewable energy projects, engages in the leasing and sale of commercial properties, and undertakes insurance activities within the UK. The company was founded in 1990 and maintains its headquarters in London, United Kingdom.
NG Stock 12 Month Forecast
Average Price Target
1,322.00 p
▲(11.51% Upside)