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National Grid PLC ADR (NGG)

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Upturn Advisory Summary
12/24/2025: NGG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $80.83
1 Year Target Price $80.83
| 2 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 5.32% | Avg. Invested days 45 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 77.04B USD | Price to earnings Ratio 19.27 | 1Y Target Price 80.83 |
Price to earnings Ratio 19.27 | 1Y Target Price 80.83 | ||
Volume (30-day avg) 4 | Beta 0.56 | 52 Weeks Range 53.48 - 77.73 | Updated Date 12/27/2025 |
52 Weeks Range 53.48 - 77.73 | Updated Date 12/27/2025 | ||
Dividends yield (FY) 4.02% | Basic EPS (TTM) 4.03 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.43% | Operating Margin (TTM) 24.15% |
Management Effectiveness
Return on Assets (TTM) 3.22% | Return on Equity (TTM) 7.87% |
Valuation
Trailing PE 19.27 | Forward PE 13.05 | Enterprise Value 132814878927 | Price to Sales(TTM) 4.41 |
Enterprise Value 132814878927 | Price to Sales(TTM) 4.41 | ||
Enterprise Value to Revenue 5.62 | Enterprise Value to EBITDA 12.6 | Shares Outstanding 992308977 | Shares Floating 4867085040 |
Shares Outstanding 992308977 | Shares Floating 4867085040 | ||
Percent Insiders 0.08 | Percent Institutions 5.79 |
Upturn AI SWOT
National Grid PLC ADR

Company Overview
History and Background
National Grid plc is a multinational utility company, headquartered in London, England. It was formed in 1990 from the privatization of the UK's state-owned electricity and gas industries. The company owns and operates electricity and gas transmission and distribution networks in the UK and the US. Its American Depositary Receipts (ADRs) represent ownership in ordinary shares of National Grid plc and trade on US stock exchanges.
Core Business Areas
- UK Electricity Transmission: Owns and operates the high-voltage electricity transmission network in England and Wales, connecting power generation to distribution networks and major industrial users.
- UK Gas Transmission and Distribution: Manages the UK's gas transmission network and operates a number of gas distribution networks, supplying gas to millions of homes and businesses.
- US Electricity Transmission and Distribution: Operates electricity transmission and distribution networks in the northeastern United States, serving millions of customers.
- US Gas Transmission and Distribution: Operates natural gas transmission and distribution networks in certain US states.
- UK Renewables: Developing and investing in renewable energy generation and related infrastructure.
Leadership and Structure
National Grid plc is governed by a Board of Directors, with a Chief Executive Officer (CEO) leading the executive management team. The company operates through distinct business units for its UK and US operations, each with dedicated leadership. Key executives include the CEO, CFO, and heads of various operational segments.
Top Products and Market Share
Key Offerings
- Electricity Transmission and Distribution Services (UK): Provides the essential infrastructure for delivering electricity to consumers and businesses across England and Wales. Market share is essentially a monopoly in its regulated territories. Competitors are indirect, focusing on alternative energy sources or distributed generation.
- Gas Transmission and Distribution Services (UK): Ensures the safe and reliable delivery of natural gas to millions of households and industries. Market share is a regulated monopoly. Competitors are indirect, like alternative heating fuels.
- Electricity Transmission and Distribution Services (US): Delivers electricity to customers in its regulated US service territories. Market share is a regulated monopoly. Competitors are indirect, focusing on alternative energy solutions.
- Gas Transmission and Distribution Services (US): Transports and distributes natural gas to end-users in its US operational areas. Market share is a regulated monopoly. Competitors are indirect, like alternative energy sources.
Market Dynamics
Industry Overview
National Grid operates in the regulated utility sector, characterized by significant capital investment, long asset lifecycles, and a strong emphasis on safety and reliability. The industry is undergoing a transition towards renewable energy sources and decarbonization, requiring substantial investment in grid modernization and new infrastructure.
Positioning
National Grid is a leading utility provider in the UK and a significant player in the US electricity and gas markets. Its competitive advantages lie in its extensive and established network infrastructure, regulated monopoly status in many of its operating regions, and strong track record of operational performance. The company is well-positioned to benefit from the global shift towards cleaner energy, with significant investments planned in renewable energy infrastructure and grid upgrades.
Total Addressable Market (TAM)
The Total Addressable Market for utilities is vast, encompassing the entire demand for electricity and gas services globally. For National Grid, the TAM is largely defined by the geographical regions it serves in the UK and the US. The company's positioning within its regulated territories provides it with a dominant share of its specific TAM, though the broader energy market is subject to evolving technologies and regulatory changes. The TAM for grid modernization and renewable energy infrastructure is growing significantly.
Upturn SWOT Analysis
Strengths
- Extensive and critical infrastructure network
- Regulated monopoly positions in key markets
- Strong financial stability and access to capital
- Experienced management team and operational expertise
- Commitment to sustainability and net-zero targets
Weaknesses
- High capital expenditure requirements
- Regulatory and political risks
- Exposure to fluctuating energy prices (indirectly)
- Aging infrastructure requiring ongoing investment
- Complexity of managing diverse operations across geographies
Opportunities
- Growing demand for renewable energy integration
- Investment in smart grid technologies
- Expansion of electric vehicle charging infrastructure
- Decarbonization initiatives and green energy transition
- Potential for acquisitions and diversification
Threats
- Changes in government regulations and policies
- Increased competition from distributed energy resources
- Cybersecurity threats to critical infrastructure
- Extreme weather events impacting operations
- Rising interest rates affecting financing costs
Competitors and Market Share
Key Competitors
- NextEra Energy (NEE)
- Duke Energy (DUK)
- Southern Company (SO)
- American Electric Power (AEP)
Competitive Landscape
National Grid faces competition from other large utility companies that operate in similar geographical regions or segments of the energy market. Its advantages include its established infrastructure and regulated status. However, competitors may have stronger positions in specific growth areas like renewable energy generation or may operate in more favorable regulatory environments. The increasing focus on distributed generation and energy efficiency presents both challenges and opportunities.
Major Acquisitions
WPD Holdings
- Year: 2021
- Acquisition Price (USD millions): 7000
- Strategic Rationale: To significantly expand its electricity distribution network in the UK, particularly in areas with high renewable energy potential.
Growth Trajectory and Initiatives
Historical Growth: Historically, National Grid's growth has been driven by investment in its regulated asset base and strategic acquisitions. The company has focused on expanding its network capacity and modernizing its infrastructure to meet growing demand and regulatory requirements.
Future Projections: Future projections for National Grid are largely dependent on its strategic investments in grid modernization, renewable energy integration, and the energy transition. Analyst estimates typically focus on projected EPS growth, driven by regulated asset base growth and efficient operations. Significant opportunities exist in supporting the decarbonization of the economy.
Recent Initiatives: Recent initiatives by National Grid include substantial investments in offshore wind connections in the UK, expansion of its US electricity and gas networks, and adoption of new technologies to enhance grid efficiency and resilience. The company is actively involved in projects supporting the transition to net-zero emissions.
Summary
National Grid PLC ADR is a robust utility company with a strong foundation in regulated infrastructure. Its critical role in delivering essential energy services in the UK and US provides stable revenues and a predictable growth path, particularly driven by investments in the energy transition. While facing challenges from capital expenditure needs and regulatory shifts, its established market position and commitment to decarbonization present significant opportunities. The company's financial health, dividend history, and strategic initiatives position it as a relatively strong player in the utility sector.
Similar Stocks
Sources and Disclaimers
Data Sources:
- National Grid PLC Investor Relations
- Company Annual Reports (10-K, Annual Report)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Analyst Reports
- Stock Market Data Providers
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute financial advice. Market share data and competitor information are estimates and may vary. Financial metrics and projections are based on publicly available information and are subject to change. Users should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About National Grid PLC ADR
Exchange NYSE | Headquaters - | ||
IPO Launch date 1999-10-07 | CEO & Director Ms. Zoe A. Yujnovich | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 31654 | Website https://www.nationalgrid.com |
Full time employees 31654 | Website https://www.nationalgrid.com | ||
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.

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