National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures (NGV) and Other segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,236 kilometers of overhead lines. The UK Gas Transmission segment owns and operates gas transmission systems, as well as third-party independent systems and liquefied natural gas (LNG) storage facilities. The US Regulated segments owns and operates transmission facilities across upstate New York, Massachusetts, New Hampshire, Rhode Island, and Vermont; and electricity distribution networks in upstate New York, Massachusetts, and Rhode Island. Its assets comprise 14,439 kilometers of overhead lines; an electricity distribution network of approximately 117,498 circuit miles; and a network of approximately 57,551 kilometers of gas pipeline. The NGV and Other segment engages in the energy metering business; transporting renewable energy long distances through its electricity interconnectors; and storing LNG, as well as commercial property and insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.
IPO Year:
Exchange: NYSE
Website: nationalgridet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/3/2024 | Buy → Neutral | Citigroup | |
| 10/2/2024 | Buy | Deutsche Bank | |
| 6/12/2024 | Neutral → Buy | Goldman | |
| 6/3/2024 | Neutral → Buy | Citigroup | |
| 4/2/2024 | Underperform → Outperform | Exane BNP Paribas | |
| 2/5/2024 | Hold → Buy | Jefferies | |
| 1/16/2024 | Hold → Buy | Deutsche Bank | |
| 12/11/2023 | Neutral → Buy | UBS | |
| 9/28/2023 | Overweight | Barclays | |
| 1/6/2023 | Equal-Weight → Overweight | Morgan Stanley |
SC 13G/A - NATIONAL GRID PLC (0001004315) (Subject)
SC 13G - NATIONAL GRID PLC (0001004315) (Subject)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
6-K - NATIONAL GRID PLC (0001004315) (Filer)
F-3ASR - NATIONAL GRID PLC (0001004315) (Filer)
BROOKLYN, N.Y. and WALTHAM, Mass., Nov. 20, 2024 /PRNewswire/ -- National Grid today announced that Steve Smith has been appointed as the company's Chief Strategy and Regulation Officer. As National Grid works to progress the energy transition at speed, Steve will lead the company's work on future strategy and regulation across the US and UK. Steve will sit on National Grid's executive committee and report to John Pettigrew, Group CEO. Steve has been leading this work on an interim basis since August 2024, following Ben Wilson's move to lead National Grid Ventures. His appoint
Jim McGaugh, previously with GE and Citi, to help expand company's presence and position as a leader in the clean energy transition WALTHAM, Mass. and BROOKLYN, N.Y., June 9, 2023 /PRNewswire/ -- National Grid has appointed Jim McGaugh as U.S. Head of Corporate Affairs to advance and align key strategic priorities across its U.S. business, with a focus on Massachusetts and New York, and at the federal level, the company announced this week. McGaugh joins National Grid with strong government and policy experience at the local, state, and federal levels across sectors. McGaugh p
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. National Grid plc (NYSE:NGG) On May 23, National Grid reported an equity raise of £7 billion and a year-over-year decrease in f
Citigroup analyst Jenny Ping upgrades National Grid (NYSE:NGG) from Neutral to Buy.
UK Prime Minister Rishi Sunak has called a general election to be held on July 4. If the polls are correct and recent council elections are anything to go by, the election could deliver a landslide victory to the Labour Party, currently the main opposition against Sunak’s Conservative Party. How Does The UK Election System Work? Unlike the college votes system in the U.S., the UK operates a more simple version of the first-past-the-post system. The UK is politically divided into 650 constituencies, each represented by a member of parliament (MP) in Westminster, London. On polling day, each person casts a single vote for one candidate on the ballot card. The candidate with the mos
These 10 large-cap stocks were the worst performers last week. Are they in your portfolio? National Grid Transco (NYSE:NGG) decreased 17.1% after the company reported an equity raise of £7 billion and a year-over-year decrease in full-year revenue results. James Hardie Industries Plc (NYSE:JHX) shares declined 14.4% after the company reported worse-than-expected Q4 financial results. KE Holdings Inc (NYSE:BEKE) shares lost 14% in the last week after the company reported Q1 financial results. JD.Com, Inc. (NASDAQ:JD) stock tumbled 13.70% after the company announced interim Q1 results and proposed an offering of $1.5 billion convertible senior notes. XP Inc. (NASDAQ:XP) shares
National Grid plc (NYSE:NGG) shares are trading lower after the company reported an equity raise of £7 billion and a year-over-year decrease in full-year revenue results. In its 2023/24 full-year, adjusted EPS increased 32% year over year to £0.84, and gross revenue declined 8% year over year to £19.850 billion. Underlying operating profit rose 4% Y/Y to £4.8 billion (+6% Y/Y at constant currency), aided by growth in revenues in UK Electricity Transmission through the RIIO-T2 price control, non-recurrence of Western Link liquidated damages, and higher rates in New York and New England. Dividend: The company disclosed a final dividend of 39.12 pence, bringing the full-year dividend
Citigroup downgraded National Grid from Buy to Neutral
Deutsche Bank resumed coverage of National Grid with a rating of Buy
Goldman upgraded National Grid from Neutral to Buy
Citigroup upgraded National Grid from Neutral to Buy
Exane BNP Paribas upgraded National Grid from Underperform to Outperform
Jefferies upgraded National Grid from Hold to Buy
Deutsche Bank upgraded National Grid from Hold to Buy
UBS upgraded National Grid from Neutral to Buy
Barclays initiated coverage of National Grid with a rating of Overweight
Morgan Stanley upgraded National Grid from Equal-Weight to Overweight
BROOKLYN, N.Y. and WALTHAM, Mass., Nov. 20, 2024 /PRNewswire/ -- National Grid today announced that Steve Smith has been appointed as the company's Chief Strategy and Regulation Officer. As National Grid works to progress the energy transition at speed, Steve will lead the company's work on future strategy and regulation across the US and UK. Steve will sit on National Grid's executive committee and report to John Pettigrew, Group CEO. Steve has been leading this work on an interim basis since August 2024, following Ben Wilson's move to lead National Grid Ventures. His appoint
Projects Across Northeast Will Harden Grid, Reduce Emissions and Deliver Benefits for Customers & Local Economies BROOKLYN, N.Y. and WALTHAM, Mass., May 23, 2024 /PRNewswire/ -- National Grid today announced plans to invest an estimated $75 billion* across the company's service territory in the UK and US over the next five years, with nearly half of the funding dedicated to US energy system improvements in Massachusetts and New York. This significant step up to approximately $35 billion* of investment represents an increase of more than 60% on National Grid's investment in the region in the last five years. Today's announcement makes National Grid one of the biggest investors in the energy t
The program reflects the company's commitment to workforce development and employment pathways for underrepresented talent WALTHAM, Mass. and BROOKLYN, N.Y., April 24, 2024 /PRNewswire/ -- National Grid today opened applications for its "Charging Our Future" Diversity, Equity, and Inclusion (DEI) Engineering Scholarship Program. The program supports students enrolled in undergraduate engineering programs with a strong interest in energy industry careers. Now in its third year, National Grid launched the scholarship to empower high school seniors and college students from low-
Portfolio of 70+ transmission upgrade projects across Upstate NY will generate thousands of jobs and more than a billion dollars in regional economic growth over next 6 years, while delivering a smarter, stronger, cleaner energy grid for generations to come SYRACUSE, N.Y., March 20, 2024 /PRNewswire/ -- National Grid plans to invest more than $4 billion to transform its energy delivery system and propel economic growth across Upstate New York. Called the Upstate Upgrade, the collection of transmission enhancement projects will deliver a smarter, stronger, cleaner energy grid to support a more resilient energy network for generations to come. The company is embarking on more than 70 projects
SYRACUSE, N.Y., Nov. 20, 2023 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period October 1, 2023 through December 31, 2023 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on December 29, 2023 – December 31 falls on a weekend, therefore the pay
Plan includes innovative programs and foundational investments to increase energy equity, advance electrification, enhance safety and reliability, and hold the company accountable for delivering for customers, communities and the state Highlights of National Grid's Comprehensive Performance and Investment Plan and Rate Review Filing: The state's first-ever equity-based approach to discount rates for income-eligible customers.An innovative electrification rate to support customers' choices and enable the energy transition.Targeted programs and dedicated teams to better serve customers and meet their needs.Enhanced system resiliency and reliability measures to avoid and reduce the impact of ou
Company partners with girls' rights organization Plan International USA to invite high school junior as National Grid's NY President for a day BROOKLYN, N.Y., Oct. 4, 2023 /PRNewswire/ -- Ahead of International Day of the Girl on October 11, National Grid welcomed a high school student to lead its New York business for a day as part of Plan International USA's annual "Girls Takeover" initiative. The Company participated in the global event—which introduces youth advocates into real-world leadership positions and critical discussions on gender equality at businesses and organizations—to demonstrate its support for opportunities and advancement for girls and women within the energy industry.
Study provides a playbook to address potential capacity challenges ahead of widespread adoption of electric medium- and heavy-duty vehicles WALTHAM, Mass., Sept. 12, 2023 /PRNewswire/ -- A new study by National Grid and Hitachi Energy emphasizes the need for proactive planning and strategic investment to ensure the grid is primed for electrification of medium and heavy-duty vehicles (MHDVs) like buses, trucks, and vans. The study, "The Road to Transportation Decarbonization: Readying the Grid for Electric Fleets," builds on a 2021 collaborative study conducted by the two compa
SYRACUSE, N.Y., Aug. 16, 2023 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period July 1, 2023 through September 30, 2023 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on October 2, 2023 – the divided payment date was moved to October 2 as Se
Wieland comes with track record of operational and infrastructure success at Massport WALTHAM, Mass., Aug. 3, 2023 /PRNewswire/ -- National Grid today announced that Lisa Wieland will join National Grid as President of its New England business, and sit on the Group Executive Committee, further strengthening National Grid's leadership team and reinforcing its credentials as a leader in the energy transition. Lisa will report to National Grid CEO John Pettigrew. She joins the company in November. Lisa joins from the Massachusetts Port Authority (Massport), the agency that runs
SYRACUSE, N.Y., Nov. 20, 2023 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period October 1, 2023 through December 31, 2023 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on December 29, 2023 – December 31 falls on a weekend, therefore the pay
SYRACUSE, N.Y., Aug. 16, 2023 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period July 1, 2023 through September 30, 2023 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on October 2, 2023 – the divided payment date was moved to October 2 as Se
SYRACUSE, N.Y., May 16, 2023 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period April 1, 2023 through June 30, 2023 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on June 30, 2023, to holders of record on June 16, 2023. The Company, doing bus
SYRACUSE, N.Y., Feb. 15, 2023 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period Jan. 1, 2023 through March 31, 2023 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.NIAGARA MOHAWK POWER CORPORATION DECLARES PREFERRED STOCK DIVIDENDSThe preferred stock dividends are payable on March 31
SYRACUSE, N.Y., Dec. 6, 2022 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has issued a revised declaration of preferred dividends for the period Oct. 1, 2022 through Dec. 31, 2022 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on Dec. 30, 2022, to holders of record on Dec.
SYRACUSE, N.Y., Nov. 23, 2022 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period Oct. 1, 2022 through Dec. 31, 2022 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on Jan. 2, 2023, to holders of record on Dec. 19, 2022. The Company, doing busi
SYRACUSE, N.Y., Aug. 22, 2022 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period July 1, 2022 through Sept. 30, 2022 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on Sept. 30, 2022, to holders of record on Sept. 16, 2022. The Company, doing
SYRACUSE, N.Y., May 31, 2022 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period April 1, 2022 through June 30, 2022 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series;.90% on the $100 par value, 3.60% Series;.975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on June 30, 2022, to holders of record on June 16, 2022. The Company, doing bus
SYRACUSE, N.Y., Feb. 16, 2022 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period Jan. 1, 2022 to March 31, 2022 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series; .90% on the $100 par value, 3.60% Series; .975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on March 31, 2022 to holders of record on March. 17, 2022. The Company, doing bu
SYRACUSE, N.Y., Nov. 17, 2021 /PRNewswire/ -- Niagara Mohawk Power Corp. (the "Company"), an indirect subsidiary of National Grid USA ("National Grid"), announced that its Board of Directors has declared dividends for the period Sept. 1, 2021 to Dec. 31, 2021 at the following rates for all outstanding series of its preferred stock: .85% on the $100 par value, 3.40% Series; .90% on the $100 par value, 3.60% Series; .975% on the $100 par value, 3.90% Series.The preferred stock dividends are payable on Dec. 31, 2021, to holders of record on Dec. 17, 2021. The Company, doing busi