Buy National Grid As A Hedge Against A Potential UK Inflation Rise, At A Decent Valuation And An Optimistic Long-Term Outlook [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
Over three months ago, I wrote an article on National Grid (NYSE: NGG Yields and profitability National Grid's regulated U.K. revenue is indexed to inflation and corporate bond yields. Bond yields tend to rise with inflation, increasing National Grid's revenue. However, it is also boosting costs and interest paid on floating debt. The utility can expand profitability by keeping investment and operating costs below the inflation rate and cost of debt under the iBoxx corporate bond index average. In the U.S., National Grid passes debt costs on to its customers, while earnings are based on an ROE set by the regulators. Given that investors view utility shares as proxies for bonds, National Grid's share price tends to be inversely correlated with U.K. government-bond yields. Bloomberg's compiled consensus indicates U.K. inflation and interest rates will be higher on average in 2020-21 vs. 2019. I believe retirees can benefit from that, considering the stock's dividend policy. Since the U.
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News
- National Grid Faces New Challenges With Electrification Growth [Seeking Alpha]Seeking Alpha
- Wireless Charging: the next frontier in EV technology [Yahoo! Finance]Yahoo! Finance
- ‘I spent £25,000 on solar power for my home – but I'll make the money back within 10 years' [Yahoo! Finance]Yahoo! Finance
- Quinbrook Closes £120m Milestone Project Financing for Five Synchronous Condenser Projects [Yahoo! Finance]Yahoo! Finance
- Wind Is Dominating the UK Power Grid, Pushing Out Fossil Fuels [Financial Post (Toronto, Ontario, Canada)]Financial Post
NGG
Sec Filings
- 4/30/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- NGG's page on the SEC website