National Grid PLC ADR logo

National Grid PLC ADR(NGG)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$75.49
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for NGG

09/25/2026: NGG (1-star) is currently NOT-A-BUY. Pass it for now.

National Grid PLC is a prominent utility operator that manages vital electricity and gas transmission and distribution networks in the UK and Northeastern US. The company benefits from a regulated business model that provides predictable cash flows and supports long-term dividend stability for shareholders. Its primary growth opportunity lies in massive capital investment programs required to modernize the grid for the clean energy transition. However, investors must consider risks associated with high debt levels, sensitivity to rising interest rates, and the potential for regulatory bodies to restrict allowed returns. National Grid is well-suited for income-focused, risk-averse investors who prioritize capital preservation and dividends over high-growth speculative returns.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitUtility stocks typically offer lower growth compared to the broader market.
Momentum investorWeak fitUtility stocks rarely exhibit the high-volatility price momentum required for this strategy.
Value investorMixed fitValuation is often tied to regulated returns rather than fundamental market alpha.
Dividend investorStrong fitThe company is a long-standing provider of stable, predictable income through dividends.
Low-risk investorStrong fitRegulated utilities offer defensive characteristics with lower beta than the overall market.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowAs a regulated utility, the stock generally experiences less price movement than growth-oriented sectors.
Valuation riskMediumValuations are highly sensitive to prevailing interest rates and bond yield alternatives.
Competition risk (Regulatory utility landscape)MediumWhile direct competition is low, the company faces risks from regulatory bodies resetting allowed returns.
Business qualityStrongOwnership of essential infrastructure provides a durable and stable business franchise.
Dividend incomeStrongReliable cash flows support consistent payout ratios, appealing to income-focused investors.
Execution riskMedium / highThe sheer scale of grid modernization projects creates potential for cost overruns or delays.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 16.79%
Avg. Invested days 61
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
NGG receives a 3-star rating, supported by solid quantitative characteristics. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
NGG has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and moderate ownership. In FY2026 versus FY2025, solid earnings growth (+13.5%) and solid profitability (net margin 18.3%) are partially offset by soft cash generation (FCF margin -21.2%), slightly negative revenue growth (-2.2%), very low insider ownership of 0.08%.

Financial Health Rating

★★★★★
NGG's financial health is supported by solid profitability, including gross margin of 32.7% and operating margin of 32.7%. Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is NGG's strongest growth driver at +13.5% FY2026 versus FY2025 (solid, 4 stars). By comparison, while revenue growth (-2.2%, slightly negative) and free-cash-flow growth (-12.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 6.5% and approximately 588.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.08%, which materially reduces the ownership score.

Top 5 Institutional Investors

FMR Inc 0.56%
Bank of America Corp 0.45%
Morgan Stanley - Brokerage Accounts 0.33%
Federated Hermes Inc 0.24%
Natixis Advisors, LLC. 0.23%

Unit Economics (Per $1K Revenue)

★★★★★
NGG generates approximately $327 of gross profit, $327 of operating income, and $-212 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 22.45%

Quantitative Style Profile

★★★★★
NGG has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 75.90B USD
Price to earnings Ratio 17.27
1Y Target Price 91.19
Price to earnings Ratio 17.27
1Y Target Price 91.19
Volume (30-day avg) 898.5K shares
Beta 0.59
52 Weeks Range 68.35 - 92.22
Updated Date 09/26/2026
52 Weeks Range 68.35 - 92.22
Updated Date 09/26/2026
Dividends yield (FY) 4.31%
Basic EPS (TTM) 4.37

How Company Makes Money

Business areaWhat it includesRetail investor read
UK Electricity TransmissionRegulated fees for transmitting electricity across the high-voltage network.Earns steady, predictable fees for being the backbone of the UK power grid.
US Regulated EnergyElectricity and natural gas delivery services in the Northeastern US.Provides essential utility services with regulated rates and returns.
UK Electricity DistributionLocal electricity distribution networks serving millions of households.Collects regulated revenue for maintaining the 'last mile' of power delivery.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE 17.27
Forward PE 12.64
Enterprise Value 134.70B
Price to Sales(TTM) 4.29
Enterprise Value 134.70B
Price to Sales(TTM) 4.29
Enterprise Value to Revenue 5.71
Enterprise Value to EBITDA 12.5
Shares Outstanding 1.01B
Shares Floating 5.92B
Shares Outstanding 1.01B
Shares Floating 5.92B
Percent Insiders 0.08
Percent Institutions 6.49

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About National Grid PLC ADR

Exchange NYSE
Headquarters -
IPO Launch date 1999-10-07
CEO & Director Ms. Zoe Alexandra Yujnovich
Sector Utilities
Industry Utilities - Regulated Electric
Full time employees 33026
Full time employees 33026

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.