National Grid plc (NGG)
Utilities · NYQ · US
Price as at 1 Oct 2026, 20:28 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
National Grid plc trades at $75.33, which is 73% below the $130.33 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 63 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 17.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
NGG dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $2.17 | 1 |
| 2025 | $3.12 | 2 |
| 2024 | $7.02 | 3 |
| 2023 | $3.54 | 2 |
| 2022 | $3.12 | 2 |
| 2021 | $3.44 | 2 |
| 2020 | $3.14 | 2 |
| 2019 | $3.09 | 2 |
| 2018 | $3.12 | 2 |
| 2017 | $8.33 | 3 |
| 2016 | $3.26 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
NGG earnings and analyst estimates
Recommendation mix, 5 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About National Grid plc
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
NGG passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$156.98M · 0.2% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$57.06M · 0.0% of book
- Sarah Ketterer, CAUSEWAY CAPITAL MANAGEMENT LLC$48.91M · 0.5% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$15.83M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$12.94M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in NGG
Trades in NGG disclosed by members of Congress and executive-branch officials, latest first:
- Daniel Goldman · HouseSell · $50,001 - $100,000 · traded 10 Jul 2023 · disclosed 13 Aug 2023
- Daniel Goldman · HouseBuy · $1,001 - $15,000 · traded 27 Feb 2023 · disclosed 20 Mar 2023
- Greg Gianforte · HouseBuy · $1,001 - $15,000 · traded 18 Mar 2020 · disclosed 7 Apr 2020
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
NGG peers
The largest companies in the same industry (Utilities - Regulated Electric), then in the same sector.
- NEE NextEra Energy, Inc.
- ES Eversource Energy
- HRNNF Hydro One Limited
- EVRG Evergy, Inc.
- EMA Emera Incorporated
- PNW Pinnacle West Capital Corporation
- OGE OGE Energy Corp.
- ELPC Companhia Paranaense de Energia
Compared side by side: NGG vs CEG, NGG vs ENGI.PA, NGG vs AEP.
Every utilities company we cover is on the Utilities hub.
Common questions
Is National Grid plc (NGG) undervalued?
Against our fair value estimate of $130.33, NGG at $75.33 is 73% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own NGG?
14 of the institutions we track reported a position in NGG in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is NGG's P/E ratio?
NGG trades at 17.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does National Grid plc (NGG) pay a dividend?
Yes. National Grid plc yields 4.32% at the current share price. It has paid $3.24 per share over the trailing twelve months. It has paid a dividend in each of the last 21 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does NGG report earnings next?
National Grid plc is scheduled to report on 5 Nov 2026. Companies move earnings dates, so read it as scheduled rather than certain.
Where does SteadyShares get its NGG data?
Fundamentals for NGG come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 20:28 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for NGG, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.