National Grid plc NGG Stock Forecast & Price Targets

modified duration-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. I own the European/Scandinavian tickers of all European/Scandinavian companies listed in my articles.

Rulings by Ofgem in 2017 required the ESO function to be moved to a separate subsidiary, which began trading in April 2019. National Grid saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 876,100 shares, an increase of 30.7% from the February 28th total of 670,500 shares. Based on an average trading volume of 310,300 shares, the short-interest ratio is currently 2.8 days.

Will Investors Notice Exciting Sign On National Grid’s Chart?

Most https://1investing.in/ actually went completely in the wrong direction with NGG, which tells you that mistakes can be made even by billionaires. Plenty of shares were sold back in December, only for NGG to outperform over 15% since the time, widely outperforming the market. But massively-growing forecasts are not why we buy utilities. Instead, it’s the BBB+, the 4.55% yield we get here, and the fact that we’re investing in a very attractive multi-utility with a dual-country exposure.

Please ensure that you fully understand the risks involved before trading. Not all coins provided by Apex Crypto LLC are available to New York residents. Please visit /cryptocurrency to see a list of crypto available to trade. National Grid’s stock is owned by a number of retail and institutional investors. National Grid announced a semi-annual dividend on Thursday, November 10th.

Consumer Discretionary Stocks Moving In Friday’s After-Market Session

Represents the company’s profit divided by the outstanding shares of its common stock. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. When we switch over and look at the enterprise to sales, we see a ratio of 3.99, with the company’s debt to enterprise value settled at 0.54. The receivables turnover for the company is 6.16 and the total asset turnover is 0.23.

• Cibc World Market Inc. now owns 46,322 shares of the utilities provider’s stock worth $3,561,000 after purchasing an additional 23,501 shares in the last quarter.
• Real-time analyst ratings, insider transactions, earnings data, and more.
• As of March 15th, there was short interest totaling 876,100 shares, an increase of 30.7% from the February 28th total of 670,500 shares.
• Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price.
• The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. National Grid purchased the UK’s largest electricity distribution business, Western Power Distribution, from American utility company PPL in 2021. In September 2022, the company was renamed to National Grid Electricity Distribution. According to 22 analysts, the average rating for NGG stock is «Buy.» The 12-month stock price forecast is $70.12, which is a decrease of -1.67% from the latest price. These are utilities and transmissions to millions of customers across New England, NYC, and the UK – these are incredibly stable operations with indexation for inflation. You may notice that the company’s earnings have been relatively flat next to the overall market.

National Grid plc

There is no undervaluation for NGG currently – but it hovers around the $69-$70/share mark, and once it dips below $70, I would once again consider the company a «BUY». A word on the debt, as I haven’t covered it closely in my previous articles, and it does warrant mentioning. It’s £46.5B, not a small amount, at 71% fixed with 19% floating (the rest is index-linked) at a balanced profile of just 51% at GBP, despite NGG being a British company. It can be said that the company’s FX exposure in almost a perfect manner mirrors the company’s actual asset exposure. However, this company is now a solid 0.5% part of my overall portfolio, and that’s not a small amount of capital for me given my current portfolio size.

Based on earnings estimates, National Grid will have a dividend payout ratio of 40.24% next year. This indicates that National Grid will be able to sustain or increase its dividend. National Grid pays a meaningful dividend of 2.86%, higher than the bottom 25% of all stocks that pay dividends. Short interest in National Grid has recently increased by 30.66%, indicating that investor sentiment is decreasing significantly. The Indian finance minister suggested against using cryptocurrency.The law enforcement organization blocked the assets of two crypto exchanges.At a BJP Economic Cell event on Saturday,… The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.

National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Market cap, also known as market capitalization, is the total market value of a company. It’s calculated by multiplying the current market price by the total number of shares outstanding.

Quotes & News

Dimensional Fund Advisors LP now owns 606,543 shares of the utilities provider’s stock worth $46,625,000 after purchasing an additional 31,695 shares during the period. A number of other hedge funds and other institutional investors have also bought and sold shares of NGG. Fairfield Bush & CO. bought a new stake in National Grid during the 1st quarter worth approximately $36,000.

National Grid plc is an energy company operating in the United Kingdom and the United States. The Company’s businesses supply gas and electricity to various customers and communities. Its segments include UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator , New England and New York. UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales.

During the last 5 trading sessions, NGG rose by +5.79%, which changed the moving average for the period of 200-days by +12.78% in comparison to the 20-day moving average, which settled at $65.88. In addition, National Grid plc saw 18.22% in overturn over a single year, with a tendency to cut further gains. Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet. Market cap or market capitalization is the total market value of all of a company’s outstanding shares.

All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market.

MarketBeat has tracked 8 news articles for National Grid this week, compared to 5 articles on an average week. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

Bank of New York Mellon Corp now owns 71,544 shares of the utilities provider’s stock valued at $5,501,000 after acquiring an additional 2,222 shares in the last quarter. BlackRock Inc. increased its position in National Grid by 8.2% during the 1st quarter. BlackRock Inc. now owns 397,048 shares of the utilities provider’s stock valued at $30,521,000 after purchasing an additional 30,176 shares during the period.