What is National Grid PLC?
National Grid plc engages in the transmission and distribution of electricity and gas.
The story behind the price, the case for and against, and what could go wrong. Open a part to read it.
National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The company is listed on the LSE in UK, operating in the Utilities sector, with a market capitalisation of 57.66B, and a P/E ratio of 17.6x.
A short list of Utilities names that are close enough in size to make side-by-side comparison useful.
Openbook research
National Grid now expects FY27 EPS growth slightly above 13%-15%, but the entire upgrade comes from a £130m one-off gain in its Ventures division.
SSE stock analysis for the FY2026 results, the RIIO-T3 price control and a 33 billion pound capital plan. What the numbers show and what would change them.
A National Grid share price analysis of the FY2026 results: record 11.6bn capital investment, 78.0p underlying EPS and the new RIIO-T3 price control.