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National Grid plc (NGG)

Utilities | Utilities - Regulated Electric | London, United Kingdom | NYSE
79.35 USD -0.08 (-0.101%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 79.35

Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★★⯪☆
Hot Take | Aug. 22, 2026, 6:09 a.m. EDT

National Grid presents a defensive income play with a 4% yield, but the balance sheet carries significant weight with high debt and negative free cash flow. The stock is trading below its 50-day and 200-day moving averages, indicating short-term technical weakness, and options flow shows a defensive posture with heavy put open interest. While the forward P/E of 12x suggests a valuation gap, the immediate momentum remains negative. Long-term, the business lacks the explosive growth required for top-tier ratings, with revenue growing merely 2% annually, though earnings are expanding faster. The multi-year price chart shows a recovery from 2023 lows, avoiding the severe structural decline penalty, but the negative free cash flow limits the investment thesis to a defensive income play rather than a growth compounder.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.013926
AutoETS0.014187
AutoARIMA0.014188
MSTL0.014973

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 52%
H-stat 3.06
Ljung-Box p 0.000
Jarque-Bera p 0.173
Excess Kurtosis -0.23
Attribute Value
Sector Utilities
Ex Dividend Date 2026-05-28
Last Dividend Date 2026-05-28
Debt to Equity Ratio 121.294
Revenue per Share 2.978808
Market Cap 79,775,318,016
Trailing P/E 17.75
Forward P/E 12.02
Beta 0.59
Profit Margins 18.32%
Website https://www.nationalgrid.com

As of Aug. 22, 2026, 6:09 a.m. EDT: Speculators are positioning defensively with significant put open interest at the 85 and 90 strikes for near-term expirations, suggesting a hedge against downside risk. Meanwhile, call open interest clusters higher at the 100 strike for September, indicating a belief in upside potential beyond current levels. Implied volatility is elevated on puts relative to calls in December, reflecting a premium on downside protection.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.67% 4.08% 6.98% 6.16%
Dividend History
Date Dividend Yield %
2026-05-29 2.174000 2.666503
2025-11-21 1.066000 1.417742
2025-05-30 2.055000 2.878554
2024-11-22 1.020000 1.616226
2024-06-07 2.494000 4.453571
2024-05-31 3.506000 6.059454
2023-11-22 1.190000 1.844961
2023-06-01 2.346000 3.494712
2022-11-23 1.031000 1.676968
2022-06-03 2.093000 2.952878
2021-12-02 1.157000 1.762108
2021-06-03 2.281000 3.499003
2020-11-25 1.129000 1.886383
2020-07-01 2.013000 3.349975
2019-11-27 1.067000 1.830189
2019-05-30 2.026000 4.138917
2018-11-21 1.062000 1.991001
2018-05-31 2.061000 3.692886
2017-11-22 1.017000 1.733129
2017-05-31 1.892000 2.762044
2017-05-17 5.422000 7.275933
2016-11-22 1.029476 1.619162
2016-06-01 2.232533 2.870579
2015-11-24 1.235808 1.613915
2015-06-03 2.387555 3.216650
2014-11-19 1.279476 1.576752
2014-07-29 2.522926 3.109945
2013-12-04 1.276201 1.908260
2013-06-05 2.193231 3.527036
2012-11-28 1.255459 2.060194
2012-05-30 2.201965 3.990109
2011-11-30 1.197598 2.219749
2011-06-01 2.075328 3.884349
2010-12-01 1.117904 2.349163
2010-06-15 4.643013 11.104439
2010-06-02 1.936681 4.431676
2009-12-02 1.253275 2.098720
2009-06-03 1.903930 3.783080
2008-12-03 1.034934 2.076669
2008-06-04 2.237991 2.901217
2007-11-28 1.326419 1.429412
2007-06-06 1.925764 2.387009
2006-11-29 1.122271 1.502265
2006-06-07 1.650655 2.727765
2005-11-30 0.962882 1.904145
Additional Data
dividendRate 3.24
dividendYield 4.08
exDividendDate 2026-05-29
trailingAnnualDividendRate 0.485
trailingAnnualDividendYield 0.0061060055
lastDividendValue 2.174
lastDividendDate 2026-05-29
dividendDate 2026-07-23

Info Dump

Attribute Value
52 Week Change 0.16843188
Address1 1-3 Strand
All Time High 94.978165
All Time Low 40.0
Ask 79.32
Ask Size 100
Average Daily Volume10 Day 774,130
Average Daily Volume3 Month 923,617
Average Volume 923,617
Average Volume10Days 774,130
Beta 0.592
Bid 79.29
Bid Size 200
Book Value 8.951228
City London
Compensation As Of Epoch Date 1,798,675,200
Country United Kingdom
Crypto Tradeable 0
Currency USD
Current Price 79.35
Current Ratio 0.764
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 80.01
Day Low 79.22
Debt To Equity 121.294
Display Name National Grid
Dividend Date 1,784,764,800
Dividend Rate 3.24
Dividend Yield 4.08
Earnings Call Timestamp End 1,778,767,200
Earnings Call Timestamp Start 1,778,767,200
Earnings Growth 0.144
Earnings Quarterly Growth 0.164
Earnings Timestamp 1,793,908,800
Earnings Timestamp End 1,793,908,800
Earnings Timestamp Start 1,793,908,800
Ebitda 7,025,999,872
Ebitda Margins 0.39723998
Enterprise To Ebitda 73.851
Enterprise To Revenue 29.337
Enterprise Value 518,878,527,488
Eps Current Year 6.06975
Eps Forward 6.59984
Eps Trailing Twelve Months 4.47
Esg Populated 0
Ex Dividend Date 1,780,012,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 44 20 7004 3004
Fifty Day Average 81.534
Fifty Day Average Change -2.183998
Fifty Day Average Change Percent -0.02678635
Fifty Two Week Change Percent 16.843187
Fifty Two Week High 94.64
Fifty Two Week High Change -15.290001
Fifty Two Week High Change Percent -0.16155961
Fifty Two Week Low 67.52
Fifty Two Week Low Change 11.830002
Fifty Two Week Low Change Percent 0.17520738
Fifty Two Week Range 67.52 - 94.64
Financial Currency GBP
First Trade Date Milliseconds 1,123,680,600,000
Five Year Avg Dividend Yield 4.97
Float Shares 5,917,194,886
Forward Eps 6.59984
Forward P E 12.023018
Free Cashflow -3,125,125,120
Full Exchange Name NYSE
Full Time Employees 33,026
Fullday Change -0.0800018
Fullday Change Percent -0.10072
Fullday Price 79.35
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 17,686,999,040
Has Pre Post Market Data 1
Held Percent Insiders 0.0008
Held Percent Institutions 0.06492
Implied Shares Outstanding 1,005,360,077
Industry Utilities - Regulated Electric
Industry Disp Utilities - Regulated Electric
Industry Key utilities-regulated-electric
Ir Website http://www.nationalgrid.com/corporate/Investor+relations
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,780,012,800
Last Dividend Value 2.174
Last Fiscal Year End 1,774,915,200
Last Split Date 1,495,411,200
Last Split Factor 916:1000
Long Business Summary National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.
Long Name National Grid plc
Market us_market
Market Cap 79,775,318,016
Market State CLOSED
Max Age 86,400
Message Board Id finmb_405257
Most Recent Quarter 1,774,915,200
Net Income To Common 3,240,999,936
Next Fiscal Year End 1,806,451,200
Non Diluted Market Cap 79,278,879,679
Number Of Analyst Opinions 5
Open 79.92
Operating Cashflow 7,829,000,192
Operating Margins 0.32602
Payout Ratio 0.7118
Peg Ratio 1.0
Phone 44 20 7004 3000
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 79.35
Post Market Time 1,787,961,600
Previous Close 79.43
Price Eps Current Year 13.073027
Price Hint 2
Price To Book 8.864705
Price To Sales Trailing12 Months 4.510393
Profit Margins 0.18324
Quick Ratio 0.651
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0800018
Regular Market Change Percent -0.10072
Regular Market Day High 80.01
Regular Market Day Low 79.22
Regular Market Day Range 79.22 - 80.01
Regular Market Open 79.92
Regular Market Previous Close 79.43
Regular Market Price 79.35
Regular Market Time 1,787,947,202
Regular Market Volume 729,039
Return On Assets 0.030050002
Return On Equity 0.08406
Revenue Growth 0.02
Revenue Per Share 2.978808
Sand P52 Week Change 0.20504117
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Shares Outstanding 1,005,360,077
Shares Percent Shares Out 0.0011999999
Shares Short 1,236,153
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 792,811
Short Name National Grid Transco, PLC Nati
Short Percent Of Float 0.0011999999
Short Ratio 1.68
Source Interval 15
Symbol NGG
Target High Price 99.5
Target Low Price 71.0
Target Mean Price 90.89
Target Median Price 96.5
Total Cash 2,828,000,000
Total Cash Per Share 0.473
Total Debt 47,705,001,984
Total Revenue 17,686,999,040
Tradeable 0
Trailing Annual Dividend Rate 0.485
Trailing Annual Dividend Yield 0.0061060055
Trailing Eps 4.47
Trailing P E 17.751678
Trailing Peg Ratio 0.978
Triggerable 1
Two Hundred Day Average 83.05375
Two Hundred Day Average Change -3.7037506
Two Hundred Day Average Change Percent -0.044594623
Type Disp Equity
Volume 729,039
Website https://www.nationalgrid.com
Zip WC2N 5EH