Reasons to Add National Grid Stock to Your Portfolio Right Now
NGG makes a strong case for investment, given its growth prospects, strategic investments and capability to increase shareholders' value through dividend payouts.
National Grid: An Upside Is There, But I'd Wait For A Small Drop
National Grid's dividend cut and funding snag led to a drop in share price, but I see potential for growth and solid yield. I stand by my "Buy" rating for NGG stock, doubled my investment stake following funding needs for this utility. Gas-fueled assets remain core to the UK's needs despite renewable plans.
National Grid says gas demand to surge just as government tries to turn it off
National Grid PLC (LSE:NG.) has warned that gas demand is set to surge by 20% over the rest of the decade to meet demand for electricity in the UK.
National Grid has 70% upside heavyweight Wall St bank suggests
National Grid PLC (LSE:NG.) has up to 70% upside with a fair wind according to a bullish write-up from analysts at JP Morgan ahead of next week's regulatory determinations for the next five years.
National Grid gets 91% rights issue take up
National Grid has received a 91% take up for its £7 billion rights issue, with the shares left unsubscribed to go to the underwriters Barclays and JP Morgan to find buyers or else take them up themselves. Grid's fundraising was seen as a bold move by analysts given the seeming lack of appetite for new equities in London.
National Grid: Rights Issue Highlights Lack Of Compounding
A couple of years after the step down of baseline compensation for the transmission network, the distribution concession is now also seeing lower baseline comp. Transmission is growing because RAB gets indexed to inflation, but a lot of the growth was non-recurring and otherwise has to be financed by large basically obligatory CAPEX. The compensation at fair values by Ofgem means that there's no outstanding compounding engine here. It's why they needed to do a rights issue equity raise.
National Grid says lower risk of blackouts for Brits next winter
Brits can breathe a sigh of relief that they won't be working by candlelight next winter. National Grid PLC (LSE:NG.
National Grid upgraded on improved finances and political outlook
National Grid PLC (LSE:NG.) has been upgraded by brokers as they continue to see positive upsides from the upcoming election, the improved balance sheet and “attractive valuation”.
National Grid rights issue: What are your options?
National Grid PLC (LSE:NG.) launched one of the largest rights issues in recent times last week, to generate £7 billion in fresh cash from existing shareholders.
National Grid plc (NGG) Q4 2024 Earnings Call Transcript
National Grid plc (NYSE:NGG ) Q4 2024 Earnings Conference Call May 23, 2024 4:15 AM ET Company Participants Nicholas Ashworth - Director, IR John Pettigrew - CEO Andy Agg - CFO Conference Call Participants Dominic Nash - Barclays Pavan Mahbubani - JPMorgan Deepa Venkateswaran - Bernstein Harry Wyburd - BNP Paribas Exane Ahmed Farman - Jefferies Alexander Wheeler - RBC Capital Markets Rob Pulleyn - Morgan Stanley Mark Freshney - UBS Charles Swabey - HSBC Marcin Wojtal - Bank of America Ajay Patel - Goldman Sachs John Pettigrew Well. Thank you, Nick and good morning, everyone.
National Grid plummets after Ofgem announces price cap cut
Electricity and gas provider National Grid PLC (LSE:NG.) plummeted over 10% this morning after energy regulator Ofgem announced a £122 cut to the energy price cap.
Power and water utility companies slump after election call, National Grid rights issue
Utilities companies were the biggest fallers on the London market on Thursday, following the election announcement last night and after a heavily discounted fundraising announced by National Grid PLC (LSE:NG.). After announcing a rights issue at a near-40% discount alongside its results, National Grid shares were the biggest faller, down almost 10%, wiping out all its gains in the year to date.
