51.26 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||51.24 x 800|
|Ask||51.25 x 800|
|Day's Range||50.88 - 51.32|
|52 Week Range||46.36 - 59.29|
|Beta (3Y Monthly)||0.49|
|PE Ratio (TTM)||7.96|
|Forward Dividend & Yield||3.12 (5.71%)|
|1y Target Est||64.50|
With the Labour Party proposing the nationalization of electricity and gas infrastructure, U.K. politics could pose a threat to National Grid's operations.
National Grid Plc said on Friday it will not process new applications for natural gas service in its New York City and Long Island service area until Williams Cos Inc's Northeast Supply Enhancement (NESE) pipeline receives the permits it needs to proceed. On Wednesday, the New York Department of Environmental Conservation (DEC) denied Williams' application for water quality certification, a permit the $1 billion NESE needs, because the project could harm aquatic life.
National Grid Plc, the U.K. gas and power network operator borne from Margaret Thatcher’s privatization drive in the 1980s, offers the same services in the densely populated area spanning New York, Massachusetts and Rhode Island. The U.S. now accounts for most of the London-based utility’s revenue and it gets the biggest share of investment. National Grid’s shifting center will come as cold comfort to a company that now has to deal with the threat of nationalization should Britain’s opposition Labour Party win the next U.K. general election.
Britain’s National Grid has warned there would be “significant” legal challenges if a future Labour government were to renationalise UK electricity and gas networks at below market value. John Pettigrew, ...
Key InsightsEven if Labour does get in to power, such a plan isn’t seen to have wide political support, while state ownership could be complicated as more than half of the utility’s revenue comes from U.S. assets. It has put the high-voltage lines at the heart of its growth strategy and is continuing with projects that are already underway, amounting to a 2 billion-pound ($2.6 billion) investment in cables to France, Norway and Denmark.National Grid said it expected energy regulator Ofgem to publish on May 23 its latest consultation on proposed gas and power grid price-control levels for 2021.
Britain's opposition Labour Party intends to take energy networks back into state ownership if elected, prompting infrastructure owners to warn of damage to investment, high taxpayer costs and a slower transition to green energy. Labour's shadow business and energy secretary, Rebecca Long-Bailey, late on Tuesday published party plans via twitter to renationalise the country's 60-billion-pound energy networks and establish a National Energy Agency. Britain's energy infrastructure, such as gas pipes and electricity cables, is owned by several firms including SSE, National Grid and Iberdrola's Scottish Power.
SSE Plc to National Grid Plc led the decliners in London trading, and EON SE, a German utility with a presence in the U.K. also fell. The report in the Daily Telegraph said Labour would pay pension funds in government bonds to take into public ownership the power transmission arms of SSE, National Grid and Scottish Power, a unit of Iberdrola SA. Labour’s intention to renationalize the nation’s power and natural gas network is a central plank of the party’s agenda under Jeremy Corbyn, who took over as leader in 2015.
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In the list of Affected Ratings for Niagara Mohawk Power Corporation, changed the action for the Pref. This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
Over the past 10 years National Grid plc (LON:NG.) has grown its dividend payouts from £0.37 to £0.46. With a market cap of UK£28b, National Grid pays out 46% of its earnings, leading to a 5.6% yield. Let me elaborate on you why the sto...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Grid Gas Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). To...
"Market conditions are changing. The continued rise in interest rates suggests we are in the early stages of a bond bear market, which could intensify as central banks withdraw liquidity. The receding tide of liquidity will start to reveal more rocks beyond what has been exposed in emerging markets so far, and the value of […]
National Grid, which runs Britain's energy systems, said on Tuesday that electricity and gas flows from continental Europe would continue as normal even under a no-deal Brexit as it has made preparations for all scenarios. "We anticipate no additional operability challenges for this summer as a result of the UK's planned exit from the EU," National Grid said in its Summer Outlook, covering the period from April to October.
National Grid plc (NGG) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Moody's Investors Service ("Moody's") has today assigned a Baa1 issuer rating to National Grid Electricity System Operator Ltd (NG ESO), which will operate the electricity transmission system in Great Britain from 1 April 2019. NG ESO, a wholly-owned subsidiary of National Grid Plc (National Grid, Baa1 stable) will take over the system operation responsibilities of National Grid Electricity Transmission plc (NGET, A3 stable) on that date.
National Grid plc (LON:NG.) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In theRead More...
Electricity and gas utility company National Grid Plc said on Thursday it agreed to buy U.S-based utility-scale wind and solar energy developer Geronimo Energy for at least $100 million. National Grid said it was also progressing on an agreement to buy a 51 percent stake in 378 megawatts of solar and wind generation projects developed by Geronimo for $125 million. The projects, which have long-term power purchase agreements in place, will be jointly owned by National Grid and Washington State Investment Board and operated by National Grid.
Syracuse, N.Y. , March 04, 2019 -- Niagara Mohawk Power Corp. (the “Company”), an indirect subsidiary of National Grid USA (“National Grid”), announced that its Board of.
Moody's Investors Service ("Moody's") has today downgraded the senior unsecured ratings and issuer rating of The Brooklyn Union Gas Company (known as KEDNY) to A3 from A2. Today's rating action reflects the persistent weakness of KEDNY's key credit metrics and Moody's assessment that there is limited likelihood of a recovery over the medium term. KEDNY's ratio of cash from operations before working capital (CFO pre-WC) to debt was 9.8% in the year to March 2018 and is expected to remain weak for the assigned rating.