High Inflation Is Positive for National Grid
National Grid owns and operates energy networks in the United States and the United Kingdom.
National Grid PLC NG.
Bulls Say, Bears Say
Bulls
Persisting high inflation will boost earnings and dividends.
Bears
Macquarie-led consortium could not exercise its option to buy the remaining 40% of U.K. gas transmission. This would weaken the balance sheet and lead to a derating of the stock.
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News
-
National Grid Gets Investment in Clean Energy Project From DOE
-
National Grid Gets $50 Million Grant From U.S. Energy Department
-
National Grid 1st Half Performance in Line With Views, Underlying EPS to Be 2nd Half Weighted
-
National Grid to Sell Further 20% National Gas Stake for Around GBP700 Million
-
National Grid Pretax Profit Rose in Fiscal 2023
-
National Grid Sees Fiscal Year 2023 Performance in Line, Underlying EPS Growth in Middle of 6%-8% Range
Trading Information
- Previous Close Price
- GBX 1,047.00
- Day Range
- GBX 1,047.00–1,055.50
- 52-Week Range
- GBX 918.00–1,181.00
- Bid/Ask
- GBX 0.00 / GBX 0.00
- Market Cap
- GBX 3.90 Tril
- Volume/Avg
- 5.2 Mil / 10.1 Mil
Key Statistics
- Price/Earnings (Normalized)
- 15.45
- Price/Sales
- 1.87
- Dividend Yield (Trailing)
- 5.44%
- Dividend Yield (Forward)
- 5.44%
- Total Yield
- 5.44%
Company Profile
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its U.K. gas transmission business in fiscal 2023 to fund the acquisition of PPL's U.K. power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the U.K., and the Grain (U.K.) liquefied natural gas facility.
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Stock Style Box
- Large Core
- Total Number of Employees
- 29,450
- Website
- https://www.nationalgrid.com
Competitors
Valuation
|
Metric
|
NG.
|
IBE
|
PPL
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.45 | 12.32 | 18.45 |
Price/Book Value | 1.31 | 1.35 | 1.44 |
Price/Sales | 1.87 | 1.59 | 2.42 |
Price/Cash Flow | 8.33 | 7.22 | 10.62 |
Price/Earnings
NG.
IBE
PPL
Financial Strength
|
Metric
|
NG.
|
IBE
|
PPL
|
|---|---|---|---|
Quick Ratio | 0.64 | 0.60 | 0.59 |
Current Ratio | 0.93 | 0.77 | 0.88 |
Interest Coverage | 2.81 | 4.98 | 2.34 |
Quick Ratio
NG.
IBE
PPL
Profitability
|
Metric
|
NG.
|
IBE
|
PPL
|
|---|---|---|---|
Return on Assets (Normalized) | 2.34% | 4.79% | 3.08% |
Return on Equity (Normalized) | 7.92% | 14.40% | 8.47% |
Return on Invested Capital (Normalized) | 4.62% | 7.51% | 5.87% |
Return on Assets
NG.
IBE
PPL
Utilities - Regulated Electric Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
NEE
| NextEra Energy Inc | Lfgdfffly | Htlrzrb | $137.4 Bil | |
SO
| Southern Co | Myffvvwjqg | Wyxqpjf | $80.1 Bil | |
DUK
| Duke Energy Corp | Yhfnyjt | Ytmrtm | $75.4 Bil | |
NGG
| National Grid PLC ADR | Lsjmgwzg | Cqcd | $48.5 Bil | |
AEP
| American Electric Power Co Inc | Dkdfmrcgq | Tmtrm | $44.9 Bil | |
PCG
| PG&E Corp | Gkdlptsb | Xmrp | $44.5 Bil | |
D
| Dominion Energy Inc | Mnfvksrw | Jvmxnmp | $42.3 Bil | |
EXC
| Exelon Corp | Ttqlzkkq | Pzhcc | $37.3 Bil | |
PEG
| Public Service Enterprise Group Inc | Qqdldly | Xqtdwn | $33.8 Bil | |
ED
| Consolidated Edison Inc | Dfydvfh | Ngqq | $32.1 Bil |