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NGG

National Grid plc

https://www.nationalgrid.com

Industry

Regulated Electric

National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain's electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.

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The article highlights two oversold utility stocks, National Grid plc (NYSE:NGG) and Pure Cycle Corporation (NASDAQ:PCYO), which may present buying opportunities. National Grid reported a significant equity raise and a decrease in full-year revenue, while Pure Cycle posted an increase in quarterly sales driven by its Sky Ranch Master Planned community.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 11:58 am

Citigroup analyst Jenny Ping has upgraded National Grid (NYSE:NGG) from Neutral to Buy.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:12 pm

The article highlights the worst-performing large-cap stocks for the week of May 19-May 26, 2024. Key reasons for the declines include poor financial results, equity raises, executive resignations, and reduced ownership stakes.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 3:16 pm

National Grid plc (NYSE:NGG) shares are down 14.11% after the company reported a £7 billion equity raise and a year-over-year decrease in full-year revenue. Despite a 32% increase in adjusted EPS and a 4% rise in underlying operating profit, gross revenue declined by 8%. The company plans to invest £60 billion in the U.S. and U.K. over the next five years, with a comprehensive financing plan including a £7 billion equity raise. National Grid also announced its intention to sell Grain LNG and National Grid Renewables.

Portfolio Pulse from Lekha Gupta

May 23, 2024 | 5:39 pm

National Grid shares are trading lower following a year-over-year decrease in FY24 revenue results. The company plans to invest $75 billion in the US and UK over the next five years.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:13 pm

National Grid Transco expects an EPS CAGR of 6%-8% from the 2024/25 baseline through 2028/29, assuming an exchange rate of £1:$1.25.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:31 pm

National Grid Transco expects its underlying EPS for 2024/25 to be broadly in line with 2023/24 EPS, adjusted for the number of bonus shares issued as part of a rights issue.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:30 pm

National Grid Transco reported a significant increase in its FY24 adjusted EPS to £0.84 from £0.638 YoY, despite a decrease in revenue to £19.850M from £21.69M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:27 pm

National Grid shares are trading lower after the company announced a $75 billion investment plan in the US and UK over the next five years.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:24 pm

Several major stocks, including VF Corp, Cytokinetics, and NetEase, experienced significant declines in pre-market trading on Thursday. VF Corp reported worse-than-expected Q4 results, leading to a 15.2% drop. Cytokinetics and NetEase also saw notable declines due to a public offering and disappointing Q1 revenue, respectively.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 9:39 am

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