National Grid plc (NG) is a leading utilities-regulated electric business based in the UK. It opened the day at 908.5p after a previous close of 907.5p. During the day the price has varied from a low of 904.7p to a high of 914.5p. The latest price was 912.2p (25 minute delay). National Grid is listed on the London Stock Exchange (LSE) and employs 23,683 staff. All prices are listed in pence sterling.
How to buy shares in National Grid
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: NG in this case.
- Research National Grid shares. The platform should provide the latest information available.
- Buy your National Grid shares. It's that simple.
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What's in this guide?
- Can I buy shares in National Grid?
- Compare share dealing platforms
- Performance over time
- Is National Grid stock a buy or sell?
- Are National Grid shares over-valued?
- Has coronavirus impacted National Grid shares?
- Is National Grid suitable for ethical investing?
- National Grid shares summary
- Does National Grid pay a dividend?
- How volatile are National Grid shares?
- Other common questions
Fees for buying 50x National Grid shares with popular platforms
Share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.
|Platform||Platform fee||Min. initial deposit||Trading fee estimate|
|Capital at risk|
|Capital at risk|
|Capital at risk|
|Capital at risk|
|£9.99 per month||No minimum||£7.99
|Capital at risk|
|Capital at risk|
|£36 per year||£20||£9.50
|Capital at risk|
National Grid share price (LSE:NG)Use our graph to track the performance of NG stocks over time.
Is it a good time to buy National Grid stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Is National Grid under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.
National Grid's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 25x. In other words, National Grid shares trade at around 25x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, National Grid's P/E ratio is best considered in relation to those of others within the utilities-regulated electric industry or those of similar companies.
National Grid's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.8833. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into National Grid's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
However, it's sensible to consider National Grid's PEG ratio in relation to those of similar companies.
National Grid's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping £5.3 billion.
The EBITDA is a measure of a National Grid's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
How has coronavirus impacted National Grid's share price?
Since the stock market crash that started in February 2020, National Grid's share price has had significant positive movement.
Its last market close was 1083.8p, which is 1.85% up on its pre-crash value of 1063.8p and 37.34% up on the lowest point reached during the March 2020 crash when the shares fell as low as 789.1263p.
If you had bought £1,000 worth of National Grid shares at the start of February 2020, those shares would have been worth £792.58 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £1,074.15.
Environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like National Grid.
Total ESG risk score
National Grid's total ESG risk: 25.67
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and National Grid's overall score of 25.67 (as at 01/01/2019) is pretty good – landing it in it in the 37th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like National Grid is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
To gain some more context, you can compare National Grid's total ESG risk score against those of similar companies.
National Grid's environmental score: 8.47/100
National Grid's environmental score of 8.47 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that National Grid is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
National Grid's social score: 15.25/100
National Grid's social score of 15.25 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that National Grid is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
National Grid's governance score: 8.95/100
National Grid's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that National Grid is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
National Grid's controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, National Grid scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that National Grid has, for the most part, managed to keep its nose clean.
Wondering how that compares? Below are the controversy scores of similar companies.
Environmental, social, and governance (ESG) summary
|Total ESG score||25.67|
|Total ESG percentile||36.82|
|Environmental score percentile||6|
|Social score percentile||6|
|Governance score percentile||6|
|Level of controversy||2|
National Grid shares at a glance
|52-week range||804.9927p - 1093.4p|
|50-day moving average||1031.736p|
|200-day moving average||954.41p|
|Wall St. target price||1071.77p|
|Dividend yield||49.4p (4.57%)|
|Earnings per share (TTM)||42.4p|
Do National Grid shares pay dividends?
Dividend yield: 4.57% of stock value
Forward annual dividend yield: 4.57% of stock value
National Grid has recently paid out dividends equivalent to 4.57% of its share value annually.
National Grid has paid out, on average, around 126.59% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.57% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 4.57% return on their shares, in the form of dividend payments. In National Grid's case, that would currently equate to about 49.4p per share.
National Grid's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 2 December 2021 (the "ex-dividend date").
National Grid's dividend yield is perhaps best considered in relation to those of similar companies.
- SSE (SSE.LSE): 5.26% (5.26% forward annual dividend yield)
- NextEnergy Solar Fund (NESF.LSE): 6.98% (6.98% forward annual dividend yield)
- Duke Energy Corporation (DUK.US): 3.83% (3.83% forward annual dividend yield)
- Ameren Corporation (AEE.US): 2.50% (2.5% forward annual dividend yield)
Share price volatility
Over the last 12 months, National Grid's shares have ranged in value from as little as 804.9927p up to 1093.4p. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while National Grid's is 0.0411. This would suggest that National Grid's shares are less volatile than average (for this exchange).
To put National Grid's beta into context you can compare it against those of similar companies.
- SSE (SSE.LSE): 0.5241
- NextEnergy Solar Fund (NESF.LSE): 0.2466
- Duke Energy Corporation (DUK.US): 0.3345
- Ameren Corporation (AEE.US): 0.3517
Shares similar to National Grid
National Grid in the news
The New York PSC Cuts National Grid Rate Hike Request
National Grid : State Regulators Approve National Grid's Upstate New York Rate Agreement
National Grid : 'National Grid' or 'the Company') Board Appointment - Form 6-K
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