The Multiple Problems With National Grid [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
The Multiple Problems With National Grid In December I published an article on SeekingAlpha.com National Grid: Watch This Space As of June 3, the stock is trading with a P/E below 18x earnings with a forward dividend yield of more than 6%. But there are valid reasons for that higher-than-average dividend yield. Since the stock went ex-dividend on May 30, there is less reason for investors to hold onto what is becoming a speculative issue. Through the end of March, the stock performed quite strongly, although it has retraced its price back to its January levels. As a company, its most recent performance report is mixed with asset growth increasing even as underlying profit and return-on-equity fell. Even now, by conventional measures, National Grid ( NGG For the following reasons, it is as more likely to underperform in its sector over the next 12 months. Problems in the UK Brexit Let’s start with the most obvious, but not the most significant, factor that has changed since the end of
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News
- National Grid Opens Applications for DEI Engineering Scholarship and Internship ProgramPR Newswire
- EMC Approaching Monumental Energy Savings Milestone this Earth Day 2024 [Yahoo! Finance]Yahoo! Finance
- EMC Approaching Monumental Energy Savings Milestone this Earth Day 2024PR Web
- How a Turbine Put The Brakes on NY Offshore Wind Projects [BNN Bloomberg (Canada)]BNN Bloomberg
- Global Utility Alliance Calls for Tripling Renewable Energy Capacity [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