Stock Price & Analysis

Based on the current market data and recent trends, NGG stock appears to be experiencing downward pressure with a -2.50% decline in regular market trading to $60.05 . The stock's technical indicators suggest a cautious stance as the RSI reading of 53.69 indicates neutral momentum.

Recent Developments According to recent analyst coverage, Citi has upgraded NGG to a Buy rating with a Strong Buy consensus and an average price target indicating a potential 15.54% upside. The company has maintained strong momentum with unprecedented capital investment, including a £7 billion Rights Issue to support its five-year £60 billion investment plan.

Key Strengths

• Ranks second among U.K. dividend aristocrats with a 5.81% yield
• Strong capital investments and growth plans in place
• Increased hedge fund interest with 19 funds holding positions worth over $267 million

Technical Analysis The stock is currently trading near its Fibonacci support level of $56.36, with resistance at $61.00 . The current price action suggests a consolidation phase with potential for a technical bounce if support holds.

Based on the technical and fundamental factors, along with recent analyst upgrades and strong dividend profile, NGG appears to be approaching an attractive entry point for long-term investors, though short-term traders may want to wait for confirmation of support.

Based on the provided data and current market conditions, here's the price prediction analysis for NGG stock in 2025:

Technical Analysis

Price Target Analysis National Grid (NGG) is expected to reach $65-67 by end of 2025, representing an 8-12% upside from current price of $60.05, driven by strong capital investment momentum and execution of its £60 billion five-year investment plan. The company's assets are projected to grow at a compound annual growth rate (CAGR) of around 10% through 2028, supported by a robust balance sheet and underlying earnings per share (EPS) growth target of 6-8% starting from 2024/25.

Key Growth Drivers The company has demonstrated strong momentum with record £4.6 billion investment in first half of 2024/25, advancing 17 major transmission projects in UK and making significant progress on $4 billion Upstate Upgrade in New York. This execution capability, combined with increasing hedge fund interest (19 funds in Q3 2024 vs 16 in Q2) signals growing institutional confidence in NGG's growth trajectory.

The S1 support level for NGG Stock is $56.51 ,The R1 resistant level for NGG Stock is $61.15.

As of the end of day on 2025-01-24, the price of NGG Stock was $59.885.

The market cap of NGG is $59.0B.

Based on the provided data and context, here's my analysis of NGG's valuation:

Technical Analysis

The stock shows bearish momentum with an RSI reading of 26.9, significantly lower than the energy sector average of 48.9. This oversold condition suggests potential exhaustion of recent selling pressure.

Fundamental Analysis

NGG currently trades at $56.39, down about 2.7% and near the lower end of its 52-week range ($52.96-$70.27). The company has several positive fundamental factors:

1. Strong Capital Investment: Successfully completed a £7 billion Rights Issue to support its five-year £60 billion investment plan

2. Growth Outlook: Projects 10% CAGR in asset growth and 6-8% underlying EPS growth starting from 2024/25

3. Dividend Strength: Ranks second among UK dividend aristocrats with a 5.81% yield

4. Institutional Interest: Increased hedge fund holdings from 16 to 19 portfolios in Q3 2024, with total stakes worth over $267 million

Market Sentiment

The stock received a Strong Buy consensus from analysts, with Citi recently upgrading it to Buy with a price target indicating 15.54% upside potential.

Conclusion

While NGG shows some near-term weakness in price action, the stock appears undervalued considering:

• Strong fundamental growth prospects
• Reliable dividend yield
• Increasing institutional interest
• Positive analyst sentiment
• Oversold technical conditions suggesting potential buying opportunity

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.

Based on the provided data and market analysis, here is the price prediction for National Grid (NGG) stock by 2030:

National Grid stock is projected to reach $95-100 by 2030, driven by its £60 billion five-year investment plan and expected 10% compound annual growth rate (CAGR) in assets through 2028. The company's strong focus on transmission infrastructure upgrades and renewable energy integration positions it well for long-term growth.

The prediction is supported by NGG's robust dividend yield of 5.81% and planned 6-8% earnings per share growth starting from 2024/25. The company's strategic investments in both UK and US markets, including the $4 billion Upstate Upgrade in New York, demonstrate its commitment to sustainable growth.

NGG has a total of 31425 employees.