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National Grid PLC ADR (NGG)



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Upturn Advisory Summary
08/14/2025: NGG (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $79.45
1 Year Target Price $79.45
2 | Strong Buy |
1 | Buy |
0 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.75% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 71.01B USD | Price to earnings Ratio 17.71 | 1Y Target Price 79.45 |
Price to earnings Ratio 17.71 | 1Y Target Price 79.45 | ||
Volume (30-day avg) 4 | Beta 0.3 | 52 Weeks Range 54.24 - 74.58 | Updated Date 08/15/2025 |
52 Weeks Range 54.24 - 74.58 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 4.30% | Basic EPS (TTM) 4.04 |
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 15.79% | Operating Margin (TTM) 34.86% |
Management Effectiveness
Return on Assets (TTM) 3.04% | Return on Equity (TTM) 8.36% |
Valuation
Trailing PE 17.71 | Forward PE 13.77 | Enterprise Value 126026902679 | Price to Sales(TTM) 3.86 |
Enterprise Value 126026902679 | Price to Sales(TTM) 3.86 | ||
Enterprise Value to Revenue 5.05 | Enterprise Value to EBITDA 12.15 | Shares Outstanding 992246016 | Shares Floating 4838207989 |
Shares Outstanding 992246016 | Shares Floating 4838207989 | ||
Percent Insiders 0.07 | Percent Institutions 5.66 |
Upturn AI SWOT
National Grid PLC ADR

Company Overview
History and Background
National Grid PLC was formed in 2000 through the merger of National Grid and Advantica. It has evolved from a purely UK-based company to a significant player in the US energy market through acquisitions and organic growth. The company traces its roots back to the nationalization of the electricity grid in the UK.
Core Business Areas
- US Electricity & Gas: Owns and operates electricity and gas networks in the northeastern United States, delivering energy to millions of customers.
- UK Electricity Transmission: Operates the high-voltage electricity transmission network in England and Wales.
- UK Gas Transmission and Distribution: Owns and operates the gas transmission system in Great Britain, ensuring the reliable delivery of gas to homes and businesses.
Leadership and Structure
The company is led by a board of directors and a management team. The CEO is John Pettigrew. The organizational structure is divided geographically and by business segment.
Top Products and Market Share
Key Offerings
- Electricity Transmission: Operates and maintains high-voltage electricity networks. In the UK, National Grid owns and operates the electricity transmission network. In the US, market share varies by state, but it is a major player in the Northeast. Competitors in the US include Eversource, Con Edison, and Avangrid.
- Gas Transmission and Distribution: Transports natural gas through pipelines. National Grid owns and operates gas distribution networks in the UK and US. Market share varies by region. Competitors in the US include Sempra Energy, and NiSource.
Market Dynamics
Industry Overview
The utilities industry is undergoing significant transformation due to the energy transition, driven by decarbonization efforts and the increasing adoption of renewable energy sources. Regulatory changes and infrastructure investments are key drivers.
Positioning
National Grid PLC ADR is a major player in the electricity and gas transmission and distribution sectors. Its competitive advantages include its scale, experience, and regulated asset base.
Total Addressable Market (TAM)
The TAM for electricity and gas infrastructure is estimated to be in the hundreds of billions of dollars globally. National Grid is well-positioned to capture a significant portion of this market through investments in infrastructure upgrades and renewable energy projects.
Upturn SWOT Analysis
Strengths
- Regulated business model provides stable cash flows
- Significant infrastructure assets
- Strong relationships with regulators
- Experience in managing complex energy networks
Weaknesses
- Exposure to regulatory risk
- High capital expenditure requirements
- Dependence on aging infrastructure
- Vulnerable to cyber security threats
Opportunities
- Investments in renewable energy infrastructure
- Expansion into new geographic markets
- Development of smart grid technologies
- Government incentives for decarbonization
Threats
- Changes in government regulations
- Competition from other energy providers
- Cybersecurity attacks
- Extreme weather events impacting infrastructure
Competitors and Market Share
Key Competitors
- Eversource Energy (ES)
- Consolidated Edison (ED)
- Avangrid (AGR)
Competitive Landscape
National Grid PLC ADR competes with other utility companies for customers and investment opportunities. Its advantages include its regulated business model and experience in managing complex energy networks.
Major Acquisitions
Western Power Distribution
- Year: 2021
- Acquisition Price (USD millions): 10600
- Strategic Rationale: This was the sale of its WPD business, as the company pivots its portfolio toward electricity networks in the US and GB and focuses on low carbon transition.
Growth Trajectory and Initiatives
Historical Growth: Historically, National Grid PLC ADR's growth has been driven by infrastructure investments and regulated rate increases.
Future Projections: Future growth is expected to be driven by investments in renewable energy and smart grid technologies. Analyst estimates vary.
Recent Initiatives: Recent strategic initiatives include investments in renewable energy projects and upgrades to existing infrastructure.
Summary
National Grid PLC ADR is a major player in the electricity and gas transmission and distribution sectors, benefiting from a regulated business model and extensive infrastructure assets. The company faces challenges related to regulatory risks and capital expenditure requirements. Opportunities lie in investments in renewable energy and smart grid technologies. National Grid must navigate a changing energy landscape while managing its aging infrastructure and cybersecurity risks.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change rapidly.
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 & Executive Director Mr. John Mark Pettigrew FEI, FIET | ||
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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