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National Grid PLC ADR (NGG)



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Upturn Advisory Summary
03/27/2025: NGG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -20.54% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 64.36B USD | Price to earnings Ratio 24.92 | 1Y Target Price 68.93 |
Price to earnings Ratio 24.92 | 1Y Target Price 68.93 | ||
Volume (30-day avg) 570491 | Beta 0.28 | 52 Weeks Range 50.46 - 70.28 | Updated Date 04/2/2025 |
52 Weeks Range 50.46 - 70.28 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 5.34% | Basic EPS (TTM) 2.64 |
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 9.36% | Operating Margin (TTM) 17.07% |
Management Effectiveness
Return on Assets (TTM) 3.16% | Return on Equity (TTM) 5.28% |
Valuation
Trailing PE 24.92 | Forward PE 14.64 | Enterprise Value 112938741071 | Price to Sales(TTM) 3.33 |
Enterprise Value 112938741071 | Price to Sales(TTM) 3.33 | ||
Enterprise Value to Revenue 4.52 | Enterprise Value to EBITDA 13.97 | Shares Outstanding 978451968 | Shares Floating 4481916760 |
Shares Outstanding 978451968 | Shares Floating 4481916760 | ||
Percent Insiders 0.01 | Percent Institutions 4.56 |
Analyst Ratings
Rating 4 | Target Price 67.82 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
National Grid PLC ADR

Company Overview
History and Background
National Grid PLC ADR's history traces back to the privatization of the UK's electricity industry in 1990. It evolved through mergers and acquisitions, including the 2000 acquisition of New England Electric System and Eastern Utilities Associates, significantly expanding its US operations. The company focuses on transmission and distribution of electricity and gas.
Core Business Areas
- Electricity Transmission: Owns and operates high-voltage electricity transmission networks in the UK and northeastern US, delivering electricity from generators to distribution networks.
- Electricity Distribution: Owns and operates electricity distribution networks in the UK and northeastern US, delivering electricity to homes and businesses.
- Gas Transmission and Distribution: Owns and operates gas transmission and distribution networks in the UK and northeastern US, delivering gas to homes and businesses.
Leadership and Structure
National Grid PLC is led by a Chief Executive Officer and a Board of Directors. The organizational structure is divided into business units corresponding to its core business areas, with regional leadership teams responsible for operations in the UK and US.
Top Products and Market Share
Key Offerings
- Electricity Transmission Services: Transmission of high-voltage electricity across long distances. Market share varies by region but National Grid holds significant share in the Northeastern US and UK. Competitors include regional transmission organizations (RTOs) and independent system operators (ISOs) like ISO New England and NYISO.
- Gas Distribution Services: Distribution of natural gas to residential and commercial customers. Market share varies by region but National Grid has a strong presence in the Northeast US. Competitors include local gas utilities and energy suppliers.
Market Dynamics
Industry Overview
The utility industry is undergoing a transition toward renewable energy sources, smart grids, and increased regulatory scrutiny. Aging infrastructure requires significant investment, and demand for electricity is growing with the electrification of transportation and heating.
Positioning
National Grid PLC ADR is a major player in the electricity and gas transmission and distribution sectors, with a strong focus on regulated assets and grid modernization. Its competitive advantage lies in its scale, expertise, and established relationships with regulators.
Total Addressable Market (TAM)
The global electricity transmission and distribution market is estimated to be worth hundreds of billions of dollars. National Grid PLC ADR is positioned to capture a portion of this TAM through its investments in grid modernization and renewable energy infrastructure.
Upturn SWOT Analysis
Strengths
- Strong regulated asset base
- Significant scale and market presence
- Established relationships with regulators
- Expertise in grid operations and maintenance
- Commitment to renewable energy integration
Weaknesses
- Exposure to regulatory risk
- Capital-intensive business model
- Sensitivity to interest rate changes
- Aging infrastructure requiring significant investment
- Geographic concentration in the UK and Northeast US
Opportunities
- Investments in grid modernization and smart grid technologies
- Expansion of renewable energy infrastructure
- Electrification of transportation and heating
- Growing demand for electricity in emerging markets
- Potential acquisitions of smaller utilities
Threats
- Changes in regulatory policies and tariffs
- Competition from alternative energy sources
- Cybersecurity threats to grid infrastructure
- Adverse weather events and natural disasters
- Economic downturns and reduced energy demand
Competitors and Market Share
Key Competitors
- DUK
- SO
- NEE
Competitive Landscape
National Grid PLC ADR is a strong competitor in the electricity and gas transmission and distribution sectors, with a focus on regulated assets and grid modernization. Its competitive advantages include its scale, expertise, and established relationships with regulators.
Major Acquisitions
Western Power Distribution
- Year: 2021
- Acquisition Price (USD millions): 10000
- Strategic Rationale: Increase its focus on electricity networks and renewable energy.
Growth Trajectory and Initiatives
Historical Growth: National Grid PLC ADR has experienced steady growth in revenue and earnings over the past years, driven by investments in grid infrastructure and increasing demand for electricity and gas.
Future Projections: Analysts project continued growth for National Grid PLC ADR in the coming years, driven by investments in renewable energy, grid modernization, and electrification of transportation.
Recent Initiatives: National Grid PLC ADR has recently undertaken strategic initiatives to expand its renewable energy portfolio, modernize its grid infrastructure, and improve its operational efficiency.
Summary
National Grid PLC ADR is a stable utility company with a large regulated asset base and a commitment to renewable energy. While its capital-intensive business model presents challenges, its investments in grid modernization and electrification position it for future growth. Regulatory changes and adverse weather events remain key risks to watch. The company's consistent dividend payouts are appealing to income-seeking investors.
Similar Companies

AEP

American Electric Power Co Inc



AEP

American Electric Power Co Inc

DUK

Duke Energy Corporation



DUK

Duke Energy Corporation

NEE

Nextera Energy Inc



NEE

Nextera Energy Inc

SO

Southern Company



SO

Southern Company
Sources and Disclaimers
Data Sources:
- Company Filings (Annual Reports, 10-K), Analyst Reports, Industry Research
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data is based on estimated figures and may not be precise.
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 Pettigrew FEI, FIET | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 31425 | Website https://www.nationalgrid.com |
Full time employees 31425 | Website https://www.nationalgrid.com |
National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain's electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides 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, as well as sale of renewables projects. 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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