Added to YB: 2024-10-01
Pitch date: 2024-07-18
NGG [bullish]
National Grid plc
+29.91%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
GBP 58.0B
Pitch Price
GBP 57.68
Price Target
N/A
Dividend
3.99%
EV/EBITDA
13.65
P/E
20.07
EV/Sales
5.71
Sector
Multi-Utilities
Category
growth
Lazard Global Listed Infrastructure Portfolio Holding: National Grid plc
NGG: £7B rights issue for organic growth, not distress. UK offshore & US reg clarity drive investment. Poor timing with UK elections. Successful raise enables asset base growth. 6-8% p.a. earnings growth target; operational execution key to exceeding. Tumbled on news but long-term outlook positive.
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