NGG - National Grid plc

NYSE - NYSE Delayed Price. Currency in USD
52.50
+0.24 (+0.46%)
At close: 4:02PM EDT

52.09 -0.44 (-0.83%)
Pre-Market: 8:00AM EDT

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Previous Close52.26
Open52.34
Bid0.00 x 1400
Ask52.08 x 800
Day's Range52.28 - 52.66
52 Week Range46.36 - 59.01
Volume480,679
Avg. Volume501,101
Market Cap36.87B
Beta (3Y Monthly)0.55
PE Ratio (TTM)8.15
EPS (TTM)6.44
Earnings DateN/A
Forward Dividend & Yield3.09 (6.13%)
Ex-Dividend Date2019-05-30
1y Target Est65.19
Trade prices are not sourced from all markets
  • Reuters

    UPDATE 2-Lightning strike caused power cut in Britain -grid operator

    A blackout in Britain which cut power to one million customers and caused transport chaos on Aug. 9 was due to a lightning strike, the grid operator said in a report to regulator Ofgem, which said on Tuesday it would investigate the matter further. Ofgem commissioned the report into the causes of the outages from National Grid and said it would open its own investigation to establish whether any of the grid and network operators or generators breached their licence conditions. "Having now received National Grid's interim report, we believe there are still areas where we need to use our statutory powers to investigate these outages," said Jonathan Brearley, Ofgem's executive director of systems and networks.

  • ACCESSWIRE

    Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

    SYRACUSE, NY / ACCESSWIRE / August 19, 2019 / Niagara Mohawk Power Corp. (the “Company”), an indirect subsidiary of National Grid USA (“National Grid”), announced that its Board of Directors has declared ...

  • Does National Grid plc (LON:NG.) Have A Place In Your Dividend Stock Portfolio?
    Simply Wall St.

    Does National Grid plc (LON:NG.) Have A Place In Your Dividend Stock Portfolio?

    Is National Grid plc (LON:NG.) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...

  • Financial Times

    National Grid electricity blackout report points to failure at wind farm

    in England and Wales last week has raised the possibility that it was caused by the world’s largest offshore wind farm accidentally going offline. The provisional report, which was submitted to regulators on Friday, suggests for the first time that the Hornsea offshore wind farm, which is owned and run by Denmark’s Orsted, may have tripped offline seconds before an outage at a smaller, gas-fired station. The findings, which were relayed to the Financial Times by people briefed on the report, suggest the blackout may have been avoided if not for an error at the wind farm.

  • Financial Times

    National Grid feels the heat after power cuts

    Energy analysts have estimated that is all it would cost, added to an average annual household energy bill of more than £1,200, to prevent the kind of power cuts that incapacitated large parts of England and Wales. The power cuts hit rail services alongside almost 1m homes and businesses, and are now the subject of a government investigation that is raising far reaching questions about National Grid’s ability to manage Britain’s electricity system.

  • National Grid CEO Goes On Offensive as U.K. Probes Blackout
    Bloomberg

    National Grid CEO Goes On Offensive as U.K. Probes Blackout

    (Bloomberg) -- The operator of Britain’s power distribution system sought to shift blame for once-in-a-decade blackouts last week to local networks as the government laid out a more detailed investigation into the power failure.National Grid Plc Chief Executive Officer John Pettigrew said his company’s system returned to service seven minutes after two major generation plants unexpectedly stopped working on Aug. 9. He said it was grid operators downstream of his company’s network of distribution lines that decided to shut off supplies to hospitals and rail stations, causing hours of delays long after power returned to the grid.Pettigrew’s remarks in the Financial Times and on British Broadcasting Corp. radio on Wednesday spread the blame for the outages and underlined National Grid’s reputation for responsibly managing the network. The incident raised questions about the competence of grid managers to handle a transition away from fossil fuels as the opposition Labour Party argues in favor of taking parts of the system back into government hands.“I’m not pointing the finger, I’m just saying I think it’s sensible to do a broad investigation,” Pettigrew told the FT.For more on the London blackout, click hereA government investigation conducted by the Energy Emergencies Executive Committee will probe some of those issues. The inquiry will look into not just the actions of National Grid, but also how power cuts were prioritized, including to essential services, the Department for Business, Energy and Industrial Strategy said in a statement Wednesday.The committee, a partnership between the government, the regulator Ofgem and industry, will file an interim report in five weeks and a full report within 12 weeks. Ofgem has also requested that National Grid provide an “urgent interim report” on the event by Friday.National Grid rose 0.8% to 843.8 pence at 9:18 a.m. in London. The stock is down less than 1% since Friday’s blackout.To contact the reporters on this story: William Mathis in London at wmathis2@bloomberg.net;Reed Landberg in London at landberg@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Andrew Reierson, Rob VerdonckFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    National Grid chief questions hospital power cuts

    In his first interview since Friday’s blackout cut power to 1m UK homes and businesses and caused widespread transport disruption, John Pettigrew defended National Grid’s performance, saying it had restored power within minutes to the electricity transmission system during the “rare” outage. “My view is the broader investigation absolutely needs to look at the prioritisation of demand,” said Mr Pettigrew. Mr Pettigrew’s comments suggest a degree of frustration within National Grid, which was privatised almost three decades ago, over how a short-term outage caused such disruption.

  • Financial Times

    National Grid boss to examine how power supplies are prioritised

    National Grid’s chief executive has promised to examine how electricity is prioritised in the event of shortages, after the company came under severe criticism for shutting off the supply to critical UK infrastructure after Friday’s power cut. Writing on his personal LinkedIn page on Monday, Mr Pettigrew said one of the areas that would be examined in the aftermath of the event was “whether the system as it is currently designed prioritises power supplies in the right way”. National Grid, which is in charge of managing Britain’s electricity supply, automatically shut down parts of its system on Friday afternoon after two power generators failed: a gas-fired power station in Bedfordshire and an offshore wind farm in the North Sea, which together accounted for 5 per cent of the country’s power needs at the time.

  • Financial Times

    Pressure mounts on National Grid after UK blackout

    When a blackout hit almost 1m British homes and caused travel chaos on Friday, people joked whether someone had tried “turning the UK off and back on again” as if the country was a temperamental computer. The opposition Labour party has called for the company, which was privatised almost 30 years ago, to be brought back under state control.

  • Reuters

    Watchdog demands answers as power cut causes chaos across Britain

    Energy regulators on Saturday demanded an urgent report from the operator of Britain's electricity grid into what caused a power cut that led to chaos across the country, with trains brought to a standstill and traffic lights knocked out. "Ofgem has asked for an urgent detailed report from National Grid so we can understand what went wrong and decide what further steps need to be taken," the energy watchdog said in a statement. National Grid, which owns the electricity transmission system in England and Wales, said there had been a rare and unusual issue which had led to the almost simultaneous loss of power from two generators.

  • Financial Times

    National Grid faces possible fine after power outage

    which affected nearly a million businesses and homes in England and Wales on Friday and caused severe transport disruption at the start of the weekend getaway. New Business and Energy Secretary Andrea Leadsom said on Saturday that she would commission the government’s energy emergencies executive committee to look at the incident after power outages during rush hour caused “enormous disruption”. Hundreds of people were trapped on trains as a result of the power cuts, which were reported across the South-east, Midlands, South-west and North-east of England as well as in Wales.

  • Three High Forward Dividend-Yield Stocks
    GuruFocus.com

    Three High Forward Dividend-Yield Stocks

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  • What Should We Expect From National Grid plc's (LON:NG.) Earnings In The Year Ahead?
    Simply Wall St.

    What Should We Expect From National Grid plc's (LON:NG.) Earnings In The Year Ahead?

    After National Grid plc's (LON:NG.) earnings announcement in March 2019, analyst consensus outlook appear cautiously...

  • The World's Top 10 Utility Companies
    Investopedia

    The World's Top 10 Utility Companies

    Learn who the Top Ten utility companies in the world are, along with tips for investing in the utilities sector.

  • Natural Gas Standoff Hamstrings NYC Business Upstarts, New Housing
    Bloomberg

    Natural Gas Standoff Hamstrings NYC Business Upstarts, New Housing

    (Bloomberg) -- About $400,000. That’s how much two New York City deli owners say National Grid Plc may cost them by refusing to supply natural gas to a new burger restaurant they’re planning in Brooklyn.The men are victims of a complex face-off between the utility that supplies gas to the metropolitan area and state regulators. New York and New Jersey have denied approvals for the $1 billion Williams Cos. pipeline expansion that National Grid has said is needed to boost their gas capacity.Williams Cos. has vowed to reapply for approval but, in the meantime, National Grid is declining to approve any new contracts to supply gas. It’s a decision that could hamstring new businesses and housing, say support groups in New York and on Long Island.The deli owners learned in early July the utility wouldn’t accept their application for gas. Now they say they may have to cancel their plans. “We have already hired employees, who are sitting and waiting, asking ‘When can we come into work?” Muhammad Quereshi, one of the men, said in a telephone interview. The denial, he said, leaves them to pay back $400,000 in business loans they expected would come from the new restaurant’s profits.Nobody knows how many businesses are affected yet, but any business that wants to come in and requires natural gas -- in particular, restaurants -- will face difficulty trying to get it.London-based National Grid won’t say how many applications it hasn’t processed. Annually, the company normally receives around 8,000 applications from commercial, industrial and residential consumers requesting natural gas service, according to Domenick Graziani, a spokesman. The utility declined to discuss The application by Quereshi and Shahbaz Warraich, saying customer information is confidential.In the past, National Grid has said that if the pipeline project isn’t cleared by winter 2020, applications in the region can’t be processed.In May, New York denied a key permit for the Williams Cos. pipeline, with the Department of Environmental Conservation saying it would result in water quality violations, including those caused by kicking up hazardous metals and disturbing seabed habitats. The denial was “without prejudice,” meaning the company can reapply.Pipeline’s Proposed PathEnvironmental groups have argued that the Northeast Supply Enhancement, as the pipeline is named, is unnecessary and would further New York’s reliance on fossil fuels. Williams and National Grid say the project is needed to meet demand during the winter months, when consumption of the heating fuel peaks and prices can spike.Business advocates say that while they understand the need for environmentally-friendly alternatives to gas, the technology for renewables isn’t there yet to meet the energy needs of the region. The decision not to approved the pipeline extension is also thwarting a regional transition from heating oil to cleaner-burning gas."Renewable projects are a long-term play, but they’re not here yet," said Kevin Law, president and CEO of the Long Island Association. "They can’t turn on lights, heat our homes or cool our buildings for many years to come."In notices sent to its customers, National Grid is encouraging ratepayers to sign a pre-written letter in support of the project to be automatically sent to New York Governor Andrew Cuomo, who has been a leading voice opposing pipelines. "To be clear," National Grid’s notice says, “we need this additional supply to support all new requests for natural gas, for residential, multifamily and business purposes."The utility cutoff will “undo a lot of the success we’ve had in growing the Long Island community in the last 10 years,” Law said.New York City and Long Island aren’t the only areas in the state facing the issue. Westchester County was put under a moratorium on new natural gas service by Consolidated Edison Inc. in March. At the time, the County projected that the construction of 16,000 homes could be suspended.The issue has forced some developments to be redesigned to accommodate new methods of heating, said Mitchell Pally, CEO of the Long Island Builders Institute.Pally said he expected several projects to leave the area since “it’s hard enough to develop in Long Island. Without an adequate and sustainable energy source, it will be much more difficult.”“It’s definitely stopping development at a very base level,” said Thomas Grech, president and Chief Executive Officer of the Queens Chamber of Commerce.To contact the reporters on this story: Millicent Dent in New York at mdent13@bloomberg.net;Sydney Price in New York at sprice86@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, ;Debarati Roy at droy5@bloomberg.net, Reg Gale, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Should You Be Worried About National Grid plc's (LON:NG.) 7.8% Return On Equity?
    Simply Wall St.

    Should You Be Worried About National Grid plc's (LON:NG.) 7.8% Return On Equity?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • National Grid (NGG) Buys Geronimo Energy for $100M, Signs JV
    Zacks

    National Grid (NGG) Buys Geronimo Energy for $100M, Signs JV

    National Grid's (NGG) acquisition to expand renewable generation in The United States.

  • Business Wire

    National Grid Completes Acquisition of Leading Renewable Energy Developer

    Today, National Grid , through its competitive non-regulated unit National Grid Ventures , completed its $100 million acquisition of Geronimo Energy - a leading wind and solar developer in North America.

  • Have Insiders Been Buying National Grid plc (LON:NG.) Shares This Year?
    Simply Wall St.

    Have Insiders Been Buying National Grid plc (LON:NG.) Shares This Year?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Do Institutions Own National Grid plc (LON:NG.) Shares?
    Simply Wall St.

    Do Institutions Own National Grid plc (LON:NG.) Shares?

    Every investor in National Grid plc (LON:NG.) should be aware of the most powerful shareholder groups. Large companies...

  • Clean power to overtake fossil fuels in Britain in 2019
    Reuters

    Clean power to overtake fossil fuels in Britain in 2019

    Britain, the birth place of coal power, is set this year to use more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants for the first time, the country's National Grid said on Friday. Britain was home to the world's first coal-fuelled power plant in the 1880s, and coal was its dominant electricity source and a major economic driver for the next century. "The incredible progress that Britain has made in the past 10 years means we can now say 2019 will be the year zero-carbon power beats fossil fuel fired generation for the first time," National Grid CEO John Pettigrew said.

  • National Grid Partners Expands With 6 New Deals and Opens Incubation Office in San Francisco
    PR Newswire

    National Grid Partners Expands With 6 New Deals and Opens Incubation Office in San Francisco

    NYSE: NGG), announces the addition of 4 new portfolio companies and 2 new strategic fund investments. NGP has invested in Audio Analytic, Carbon Lighthouse, Copperleaf and GoCardless, and has become a limited partner in IQ Capital Fund III LP (an IQ Capital fund) and JVP VIII, L.P. (a Jerusalem Venture Partners fund). With these investments, NGP expands its portfolio to 12 companies with $90 million invested to-date and 3 strategic fund investments at the intersection of energy and information technology – furthering its provocative vision to define a smarter and more renewable energy future.