National Grid plc (NGGTF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
National Grid plc (NGGTF) trades at $16.82. National Grid plc (NGGTF) is a leading utility company focused on the transmission and distribution of electricity and natural gas across the UK and North America. Market cap: $83.67B, Sector: Utilities.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for NGGTF: NGGTF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NGGTF against Utilities peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NGGTF: 1/1 perspectives are bearish.
How is this calculated? →National Grid plc (NGGTF) Utility Operations & Dividend Profile
National Grid plc (NGGTF) is a prominent utility company specializing in the transmission and distribution of electricity and natural gas, operating across the UK and North America, with a focus on maintaining a balanced and reliable energy supply.
What Is the Investment Thesis for NGGTF?
National Grid plc (NGGTF) is poised for stable growth driven by its regulated asset base, which provides predictable revenue streams. The company has a market capitalization of $83.67B and a P/E ratio of 18.41, reflecting its strong profitability with a profit margin of 18.3% and a gross margin of 63.4%. With ongoing investments in infrastructure and renewable energy initiatives, National Grid is strategically positioned to benefit from the transition to cleaner energy solutions. The company's dividend yield of 4.01% underscores its commitment to returning value to shareholders. However, investors should remain cognizant of ongoing regulatory scrutiny and potential impacts from evolving energy policies, which could affect operational flexibility and growth prospects.
Based on FMP financials and quantitative analysis
NGGTF Key Highlights
- Market capitalization of $83.67B, indicating strong market presence.
- P/E ratio of 18.41, reflecting a solid valuation relative to earnings.
- Profit margin of 18.3%, showcasing effective cost management.
- Gross margin of 63.4%, exceeding industry averages and demonstrating operational efficiency.
- Dividend yield of 4.01%, highlighting the company's commitment to shareholder returns.
Who Are NGGTF's Competitors?
NGGTF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AEP American Electric Power Company | $136.21 | -1.66% | $74.11B | 83 |
| ETR Entergy Corporation | $114.00 | -0.96% | $52.20B | 58 |
| XEL Xcel Energy Inc. | $80.38 | -1.93% | $50.18B | 45 |
| EXC Exelon Corporation | $47.03 | -1.78% | $48.12B | 45 |
| ED Consolidated Edison, Inc. | $112.33 | -1.46% | $41.40B | 81 |
| CNLPM The Connecticut Light and Power Company | $32.99 | +1.29% | $315.00M | 72 |
| CNTHP The Connecticut Light and Power Company | $52.70 | +0.55% | $318.06M | 69 |
| CNLHP The Connecticut Light and Power Company | $36.95 | +0.00% | $223.00M | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NGGTF's Key Strengths?
- Strong regulated asset base providing stable revenue.
- Diverse operations across the UK and North America.
- High gross margin indicating operational efficiency.
- Established brand reputation in the utility sector.
What Are NGGTF's Weaknesses?
- Exposure to regulatory scrutiny and policy changes.
- High capital expenditure requirements for infrastructure upgrades.
- Dependence on traditional energy sources amidst a shift to renewables.
- Potential liquidity concerns due to OTC market classification.
What Could Drive NGGTF Stock Higher?
- Regulatory decisions regarding energy policies that may impact operational flexibility.
- Investments in renewable energy projects aimed at enhancing sustainability.
- Infrastructure upgrades to improve efficiency and reliability of services.
- Expansion initiatives in North America to capture growing energy demand.
- Strategic partnerships in renewable energy and international interconnectors.
What Are the Key Risks for NGGTF?
- Financial-distress signal — its Altman Z-Score of 1.71 sits in the distress zone (elevated bankruptcy risk).
- Regulatory changes that could impact revenue models and operational strategies.
- Competition from other utility providers in both the UK and North America.
- Economic fluctuations affecting energy demand and pricing.
- Technological advancements that may disrupt traditional utility operations.
What Are the Growth Opportunities for NGGTF?
- Renewable Energy Transition: The global shift towards renewable energy presents a significant growth opportunity for National Grid. The company's investments in renewable energy projects are expected to align with government policies aimed at reducing carbon emissions. The renewable energy market is projected to reach $2 trillion by 2025, providing substantial growth potential for utilities that adapt to this trend.
- Infrastructure Modernization: National Grid's ongoing infrastructure investments, particularly in smart grid technology, are crucial for enhancing operational efficiency and reliability. The smart grid market is anticipated to grow to $61 billion by 2026, driven by the need for improved energy management and integration of renewable sources, positioning National Grid favorably for future growth.
- Expansion in North America: National Grid's operations in the New England and New York regions provide a solid foundation for growth. As energy demand continues to rise in these areas, the company can capitalize on opportunities for expanding its electricity and natural gas distribution services, which are expected to grow at a CAGR of 4% through 2027.
- International Interconnectors: The company’s management of international electricity transmission interconnectors presents a unique growth avenue. As Europe moves towards greater energy integration, National Grid's role in facilitating cross-border electricity flows can enhance its revenue streams, especially as the interconnector market is projected to grow significantly over the next decade.
- Commercial Property Ventures: National Grid's diversification into commercial property leasing and sales offers additional revenue streams. With the commercial real estate market expected to rebound post-pandemic, this segment can contribute positively to the company's overall financial performance.
What Opportunities Does NGGTF Have?
- Growing demand for renewable energy solutions.
- Infrastructure modernization initiatives enhancing efficiency.
- Expansion opportunities in North American markets.
- Potential revenue growth from commercial property ventures.
What Threats Does NGGTF Face?
- Regulatory changes impacting operational flexibility.
- Increased competition from other utility providers.
- Economic downturns affecting energy demand.
- Technological disruptions in energy generation and distribution.
What Are NGGTF's Competitive Advantages?
- Strong regulated asset base providing predictable revenue streams.
- Established reputation and brand recognition in the utility sector.
- Diverse service offerings, including renewable energy and property leasing.
- Significant infrastructure investments enhancing operational efficiency.
- Strategic positioning in both UK and North American markets.
What Does NGGTF Do?
Founded in 1990 and headquartered in London, United Kingdom, National Grid plc operates as a major utility company, primarily engaged in the transmission and distribution of electricity and natural gas. The company has established a significant presence in both the UK and North America, where it manages various segments to ensure energy reliability. In the UK, National Grid's operations are divided into key segments, including UK Electricity Transmission, which oversees the transmission of electricity and related construction projects across England and Wales, and UK Electricity Distribution, which manages electricity distribution services in the Midlands, South West England, and South Wales. Furthermore, the UK Electricity System Operator plays a crucial role in balancing electricity supply and demand across Great Britain's transmission network. In North America, National Grid serves the New England region and New York, providing electricity and natural gas distribution and transmission services. Beyond its core utility functions, the company also engages in international electricity transmission through interconnectors and operates an LNG import terminal at the Isle of Grain. Additionally, National Grid has diversified its business interests by venturing into renewable energy projects, commercial property leasing, and insurance-related activities within the UK, positioning itself as a versatile player in the energy market.
What Products and Services Does NGGTF Offer?
- Transmit and distribute electricity and natural gas across the UK and North America.
- Manage electricity distribution services in various regions, including the Midlands and New York.
- Operate the UK Electricity System Operator to balance supply and demand.
- Engage in renewable energy projects and international electricity transmission.
- Manage an LNG import terminal at the Isle of Grain.
- Conduct commercial property leasing and sales activities.
How Does NGGTF Make Money?
- Generate revenue through regulated utility services in electricity and gas distribution.
- Engage in construction projects related to electricity transmission.
- Capitalize on renewable energy ventures and international interconnectors.
- Offer commercial property leasing and insurance-related services.
- Maintain a diversified portfolio to mitigate risks and enhance revenue streams.
What Industry Does NGGTF Operate In?
The regulated electric utility industry is characterized by stable demand and a strong regulatory framework, which provides companies like National Grid plc with predictable revenue streams. As the global energy landscape shifts towards sustainability, utilities are increasingly investing in renewable energy sources and modernizing their infrastructure. The market for electric utilities is projected to grow significantly, driven by increasing energy consumption and the push for decarbonization. National Grid competes with major players such as American Electric Power Company (AEP), Entergy Corporation (ETR), Xcel Energy Inc. (XEL), Exelon Corporation (EXC), and Consolidated Edison, Inc. (ED), all of which are adapting to these industry trends.
Who Are NGGTF's Key Customers?
- Residential customers relying on electricity and natural gas for daily needs.
- Commercial and industrial clients requiring reliable energy supply.
- Government and regulatory bodies overseeing energy distribution.
- Partners in renewable energy projects and international interconnectors.
- Tenants and businesses leasing commercial properties from National Grid.
Company Profile
National Grid plc operates in the Regulated Electric industry within the Utilities sector. It is headquartered in London, GB. The company is led by CEO Zoe A. Yujnovich. NGGTF has traded publicly since 2010.
F-Score 4/9Financial Health
National Grid plc's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.71 places it in the distress zone, a signal of elevated financial risk.
ROE 8%Key Financial Metrics
Return on equity for National Grid plc stands at 8.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.0%, showing how much profit it generates from its asset base. NGGTF trades at a trailing price-to-earnings ratio of 18.58, below the Utilities sector average of ~28x. Its free cash flow yield is -6.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.76 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 5.4%, the inverse of the P/E and a quick read on earnings relative to price.
NGGTF Valuation & Market Position
With a $83.67B market cap, National Grid plc sits in the large-cap segment of the market.
FY2026 estForward Outlook
Wall Street analysts project National Grid plc revenue of about $19.26B for fiscal 2026, with EPS near $0.78. The estimate reflects 12 contributing analysts.
NGGTF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that leadership sees value in current operations.
- Community sentiment has shifted positively, with discussions focusing on the company's renewable energy initiatives and their alignment with global sustainability goals.
- Analysts have highlighted National Grid's strong position in the energy transition, which is gaining traction as more investors prioritize green energy.
- Recent regulatory developments favoring infrastructure investments have bolstered optimism about National Grid's ability to expand and modernize its services.
Bear Case
- Concerns persist regarding regulatory challenges that could impact profit margins, as stricter energy policies are being debated.
- Community sentiment reflects skepticism about the company's ability to adapt quickly to market changes, particularly in the volatile energy sector.
- Recent discussions have pointed to potential operational risks, especially related to aging infrastructure that may require significant capital expenditure.
- Market perception remains cautious due to broader economic uncertainties, which could affect energy consumption patterns and demand.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NGGTF Latest News
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Wasted wind threatens to cost Britain £12bn, warns National Grid
Yahoo! Finance: NGGTF News · May 14, 2026
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FTSE 100 Live: Index climbs as life insurers rise on Aviva results, gilts ease
Yahoo! Finance: NGGTF News · May 14, 2026
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Stocks That Hit 52-Week Lows On Tuesday
· Mar 24, 2020
NGGTF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NGGTF.
Price Targets
Wall Street price target analysis for NGGTF.
NGGTF MoonshotScore
What does this score mean?
The MoonshotScore rates NGGTF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Zoe A. Yujnovich
CEO
Zoe A. Yujnovich has a distinguished career in the utility sector, having held various leadership roles in major energy companies. With a strong educational background in engineering and business management, she has been instrumental in driving strategic initiatives and operational improvements. Her expertise spans across energy policy, regulatory affairs, and corporate governance, making her a well-rounded leader in the industry.
Track Record: Under Zoe's leadership, National Grid has made significant strides in enhancing operational efficiency and expanding its renewable energy portfolio. Her focus on innovation and sustainability has positioned the company to adapt to the evolving energy landscape, ensuring long-term growth and stability.
NGGTF OTC Market Information
The OTC Other tier refers to stocks that trade on the over-the-counter market but do not meet the stringent requirements of major exchanges like NYSE or NASDAQ. This tier often includes smaller companies or those with less liquidity, which may result in wider bid-ask spreads and less transparency.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Lower liquidity compared to stocks on major exchanges, leading to potential trading difficulties.
- Less stringent reporting requirements may result in less transparency.
- Higher volatility due to lower trading volumes.
- Potential for wider bid-ask spreads impacting trading costs.
- Review National Grid's financial statements and earnings reports.
- Assess the company's regulatory compliance and any ongoing investigations.
- Evaluate the competitive landscape and market positioning.
- Monitor upcoming regulatory decisions that may impact operations.
- Investigate the company's investments in renewable energy and infrastructure.
- Established history and reputation in the utility sector.
- Comprehensive financial disclosures available to investors.
- Membership in industry associations and regulatory bodies.
- Strong corporate governance practices in place.
NGGTF Utilities Stock FAQ
What does National Grid plc do?
National Grid plc operates as a utility company focused on the transmission and distribution of electricity and natural gas. It manages several key segments, including UK Electricity Transmission and Distribution, as well as operations in North America. The company also engages in renewable energy projects and international electricity transmission, ensuring reliable energy solutions across its service areas.
What are the key financial metrics investors watch for NGGTF?
Key financial metrics for National Grid plc include its market capitalization of $83.67B, P/E ratio of 18.41, and profit margin of 18.3%. Investors also monitor its dividend yield of 4.01%, which reflects the company's commitment to returning value to shareholders. Additionally, the gross margin of 63.4% indicates strong operational efficiency, making these metrics crucial for evaluating the company's financial health.
What are the main risks for NGGTF?
National Grid plc faces several risks, including ongoing regulatory scrutiny that could impact operational flexibility and revenue models. The company also contends with competition from other utility providers, particularly in the UK and North America. Economic fluctuations may affect energy demand, while technological advancements could disrupt traditional utility operations, posing additional challenges for the company.
What are the key factors to evaluate for NGGTF?
Evaluate NGGTF on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does NGGTF data refresh on this page?
NGGTF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NGGTF's recent stock price performance?
National Grid plc (NGGTF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong regulated asset base providing stable revenue. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NGGTF overvalued or undervalued right now?
Valuing National Grid plc (NGGTF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NGGTF?
Before investing in National Grid plc (NGGTF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- All information is based on the latest available data and is subject to change.