National Grid is a regulated electric utility with best-in-class 18% margins and a Piotroski F-Score of 7, but its free cash flow is deeply negative relative to net income at -96%, analyst targets have already been reached, and the risk/reward setup is structurally unfavorable at current prices.
Thesis pillars
- Negative Fcf Dividend Risk→Stable
- Regulated Utility Margin Quality→Stable
- Price Exceeds Analyst Target↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
National Grid Transco, PLC Nati (NGG) Stock Analysis
Range Bound setup
Utilities · Utilities - Regulated Electric
Sell if holding. Analyst target reached at $82.30 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.2): -0.5.
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 UK Electricity Transmission segment... Read more
Sell if holding. Analyst target reached at $82.30 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.2): -0.5. Chart setup: RSI 49 mid-range, Bollinger mid-band. Score 5.2/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-07-26Recent Developments — National Grid Transco, PLC Nati
Latest news
- NEWS National Grid Ventures To Acquire 35% Stake In Power Solutions Provider Joulent For $1.75B — benzinga Jul 1, 2026 positive
Generated 2026-07-26T06:41:59Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $82.30 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.2): -0.5. Chart setup: RSI 49 mid-range, Bollinger mid-band. Prior stop was $79.62. Score 5.2/10, moderate confidence.
Take-profit target: $83.32 (-3.9% upside). Prior stop was $79.62. Stop-loss: $79.62.
Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.2): -0.5; Earnings estimates trending DOWN.
National Grid Transco, PLC Nati trades at a P/E of 18.8 (forward 12.5). TrendMatrix value score: 6.7/10. Verdict: Sell.
23 analysts cover NGG with a consensus score of 3.7/5. Average price target: $91.
What does National Grid Transco, PLC Nati do?National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK...
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 UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the 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.