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National Grid plc (NGG)

Utilities | Utilities - Regulated Electric | London, United Kingdom | NYSE
83.28 USD +0.69 (0.835%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 83.28

Short-term:★★★☆☆Long-term:★★★☆☆Dividends:★★★⯪☆
Hot Take | July 11, 2026, 7:01 a.m. EDT

National Grid presents a classic utility dilemma where income appeal clashes with balance sheet fragility. The short-term investment thesis leans slightly positive, driven by a recent price recovery and the stock trading above its 200-day moving average, which acts as a sturdy floor. However, the 50-day average sits above the current price, capping immediate momentum. The long-term investment thesis is mixed; while the company recently posted an 11.68% gain, the nine-year cumulative return remains negative at -12.58%, reflecting persistent market skepticism about its growth profile. Fundamentally, the business is stable but burdened by high debt and negative free cash flow, preventing it from achieving a top-tier buy rating despite the recent operational recovery. The dividend offers a 3.94% yield with a 71% payout ratio, which is sustainable but not exceptional given the leverage. Options activity confirms a consensus view of a sideways battle between 80 and 90, with traders betting on a lack of breakout in either direction. Ultimately, this is a defensive hold rather than a growth opportunity, suitable for capital preservation but unlikely to outperform significantly in a rising market.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_115 ✓0.052707
AutoARIMA0.055861
AutoETS0.055861
AutoTheta0.057402
MSTL0.059558
MSTL_84_1150.060033
MSTL_840.074989

Forecast horizon: 60 days | Selected: MSTL_115

Forecast Reliability
Score 46%
H-stat 6.03
Ljung-Box p 0.000
Jarque-Bera p 0.186
Excess Kurtosis -1.13
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 82,878,226,432
Trailing P/E 19.28
Forward P/E 12.62
Beta 0.60
Profit Margins 18.32%
Website https://www.nationalgrid.com

As of July 11, 2026, 7:01 a.m. EDT: Speculators are positioning for a range-bound outcome between 80 and 90. Call open interest peaks at the 90 strike, suggesting resistance, while put open interest concentrates at the 80 strike, indicating support. Implied volatility is elevated for longer-dated puts, hinting at hedging against downside risk beyond the immediate term.


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 3.92
exDividendDate 2026-05-29
trailingAnnualDividendRate 0.485
trailingAnnualDividendYield 0.005872382
lastDividendValue 2.174
lastDividendDate 2026-05-29
dividendDate 2026-07-23

Info Dump

Attribute Value
52 Week Change 0.1612767
Address1 1-3 Strand
All Time High 94.978165
All Time Low 40.0
Ask 0.0
Ask Size 200
Average Analyst Rating 2.4 - Buy
Average Daily Volume10 Day 955,750
Average Daily Volume3 Month 1,292,429
Average Volume 1,292,429
Average Volume10Days 955,750
Beta 0.599
Bid 0.0
Bid Size 100
Book Value 8.665027
City London
Compensation As Of Epoch Date 1,798,675,200
Country United Kingdom
Crypto Tradeable 0
Currency USD
Current Price 83.28
Current Ratio 0.764
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 83.53
Day Low 82.73
Debt To Equity 121.294
Display Name National Grid
Dividend Date 1,784,764,800
Dividend Rate 3.24
Dividend Yield 3.92
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 1,778,788,800
Earnings Timestamp End 1,778,788,800
Earnings Timestamp Start 1,778,788,800
Ebitda 7,025,999,872
Ebitda Margins 0.39723998
Enterprise To Ebitda 76.606
Enterprise To Revenue 30.431
Enterprise Value 538,231,570,432
Eps Current Year 6.06975
Eps Forward 6.59984
Eps Trailing Twelve Months 4.32
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 83.6702
Fifty Day Average Change -0.39019775
Fifty Day Average Change Percent -0.0046635214
Fifty Two Week Change Percent 16.12767
Fifty Two Week High 94.64
Fifty Two Week High Change -11.360001
Fifty Two Week High Change Percent -0.12003382
Fifty Two Week Low 67.52
Fifty Two Week Low Change 15.760002
Fifty Two Week Low Change Percent 0.23341237
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 5,916,836,496
Forward Eps 6.59984
Forward P E 12.618487
Free Cashflow -3,125,125,120
Full Exchange Name NYSE
Full Time Employees 33,026
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 0.00075
Held Percent Institutions 0.062800005
Implied Shares Outstanding 995,175,617
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 82,878,226,432
Market State PREPRE
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 80,531,769,934
Number Of Analyst Opinions 5
Open 82.75
Operating Cashflow 7,829,000,192
Operating Margins 0.32602
Payout Ratio 0.7118
Peg Ratio 1.05
Phone 44 20 7004 3000
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 83.28
Post Market Time 1,783,976,762
Previous Close 82.59
Price Eps Current Year 13.720499
Price Hint 2
Price To Book 9.61105
Price To Sales Trailing12 Months 4.6858277
Profit Margins 0.18324
Quick Ratio 0.651
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.4
Region US
Regular Market Change 0.690002
Regular Market Change Percent 0.835455
Regular Market Day High 83.53
Regular Market Day Low 82.73
Regular Market Day Range 82.73 - 83.53
Regular Market Open 82.75
Regular Market Previous Close 82.59
Regular Market Price 83.28
Regular Market Time 1,783,972,802
Regular Market Volume 710,143
Return On Assets 0.030050002
Return On Equity 0.08406
Revenue Growth 0.02
Revenue Per Share 2.978808
Sand P52 Week Change 0.20847368
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Shares Outstanding 995,175,617
Shares Percent Shares Out 0.0015
Shares Short 1,516,917
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 2,312,476
Short Name National Grid Transco, PLC Nati
Short Percent Of Float 0.0015
Short Ratio 1.25
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 0.005872382
Trailing Eps 4.32
Trailing P E 19.277777
Trailing Peg Ratio 1.0512
Triggerable 1
Two Hundred Day Average 81.9291
Two Hundred Day Average Change 1.3508987
Two Hundred Day Average Change Percent 0.016488632
Type Disp Equity
Volume 710,143
Website https://www.nationalgrid.com
Zip WC2N 5EH