National Grid: 5.8% Yield - Cheap Valuation - Reasonable Growth [Seeking Alpha]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
US:NYSE Investor Relations:
investors.nationalgrid.com
Company Research
Source: Seeking Alpha
Summary Summary National Grid plc (NYSE: NGG , LON: NG) is the United Kingdom's largest electricity and natural gas utility. The company is currently offering a well-covered 5.8% dividend yield, backed by a strong balance sheet, great coverage, and reliable revenues and cash flow. NGG is, on paper, massively undervalued, but political and regulatory uncertainty is high. Corbyn, the UK Labour Party leader, has vowed to nationalize the country's grid, and he could very well win the next election. Details are sparse and investors are assuming the worst. I'm more optimistic. Outright nationalization is looking extremely unlikely and, even if it were to happen, investors would likely be bought out at reasonable prices. NGG offers investors a strong dividend yield, significant upside potential, and reasonable growth, all backed by safe and stable revenue and cash flow generation. Business Overview NGG is a multinational electricity and gas utility company, headquartered in the
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NGG
News
- Global Utility Alliance Calls for Tripling Renewable Energy Capacity [Yahoo! Finance]Yahoo! Finance
- New York's First Electric Skyscraper Promises Luxury With Lower Emissions [Financial Post (Toronto, Ontario, Canada)]Financial Post
- New York's First Electric Skyscraper Promises Luxury With Lower Emissions [BNN Bloomberg (Canada)]BNN Bloomberg
- Blackstone proposes 'hyperscale' data centre in northern England [Reuters]Reuters
- Blackstone proposes 'hyperscale' data centre in northern England [Yahoo! Finance]Yahoo! Finance
NGG
Sec Filings
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- 3/28/24 - Form 6-K
- NGG's page on the SEC website