National Grid plc (NYSE: NGG), is a British multinational electricity and gas utility company headquartered in London. It plays a vital role in connecting millions of people to the energy they use through its regulated operations in the UK and northeastern US. National Grid focuses on delivering energy safely, reliably, and sustainably to customers and communities.
Key Takeaways:
- National Grid plc is a leading utility company based in the United Kingdom, with a strong presence in the United States.
- The company’s stock price forecasts are influenced by factors such as energy demand, regulatory environment, and infrastructure investments.
- Our analysis provides detailed projections for National Grid’s stock price from 2024 to 2050, incorporating compound annual growth rates (CAGR) and potential price ranges.
- The forecasts are based on a combination of fundamental analysis, technical indicators, and market sentiment.
- Investors can use this information to make informed decisions and potentially capitalize on National Grid’s growth prospects.
Overview of National Grid
National Grid plc is a multinational utility company headquartered in the United Kingdom. Established in 1990 through the merger of several regional electricity companies, National Grid has since expanded its operations to become a major player in the energy industry. The company’s primary business segments include electricity and gas transmission, distribution, and renewable energy generation.
National Grid Company Profile
| Country | United Kingdom |
| Ticker Symbol | NGG |
| Exchange | New York Stock Exchange (NYSE) |
| Founded | 1990 |
| IPO Date | 1999 |
| Industry | Energy Utility |
| Sector | Utilities |
| Employees | 31,425 |
| CEO | John Pettigrew |
| Market Cap (June 14, 2024) | $54.36 billion |
| Website | nationalgrid |
National Grid (NGG) Balance Sheet Analysis
National Grid plc (NYSE: NGG) reported a robust balance sheet for the fiscal year ending March 31, 2024. The company’s total assets stood at $98.33 billion, a significant increase from the previous year’s $92.70 billion, driven by ongoing investments in infrastructure and operations.
On the liabilities side, total liabilities, including minority interests, amounted to $68.43 billion, up from $63.14 billion. However, total equity also increased, reaching $29.89 billion. National Grid’s total capitalization stood at $71.42 billion, reflecting a strong financial position.
The company’s common stock equity reached $29.87 billion, while net tangible assets stood at $16.71 billion, indicating a solid asset base. Total debt reached $47.07 billion, with net debt at $45.75 billion, reflecting significant investments.
Overall, National Grid’s 2024 balance sheet demonstrates financial strength, with a solid asset base and manageable debt load. The company’s investments position it well for future growth and value creation.
Balance Sheet Data Source: finance.yahoo
National Grid Stock Price History
National Grid plc (NYSE: NGG) had its IPO in the year 1999. National Grid (NGG) underwent a single stock split on May 22nd, 2017, with a split ratio of 0.916:1. This reverse split meant that one pre-split share became 0.916 shares after the split.1
As of June 14, 2024, the stock stands at $56.55 on the New York Stock Exchange (NYSE).
NGG Stock Price Forecast 2024
For the year 2024, our analysis suggests that National Grid’s stock price will experience steady growth, reflecting the company’s strong fundamentals and favorable market conditions. The projected price range for 2024 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $37.50 | $62.00 | $68.00 |
With a projected average price of $62.00, National Grid’s stock is expected to appreciate by approximately 9.8% compared to its current levels, indicating a positive market sentiment and potential for further growth.
NGG Stock Price Forecast 2025
In 2025, National Grid is anticipated to capitalize on its strategic initiatives and continued investments in infrastructure. The projected price range for 2025 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $65.00 | $70.00 | $76.00 |
Our forecast suggests an average price of $70.00 for the year 2025, representing a 12.9% increase from the previous year’s average. This growth can be attributed to the company’s strong performance and positive market sentiment.
NGG Stock Price Forecast 2026
As National Grid continues to expand its portfolio and explore new opportunities in the energy sector, the stock price is expected to reflect this growth trajectory. The projected price range for 2026 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $72.00 | $78.00 | $85.00 |
With an average price of $78.00, National Grid’s stock is forecasted to experience an 11.4% increase compared to 2025, reflecting the company’s commitment to innovation and sustainable energy solutions.
NGG Stock Price Forecast 2027
In 2027, National Grid is expected to solidify its position as a leading utility provider, driven by robust demand and favorable market conditions. The projected price range for 2027 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $80.00 | $87.00 | $95.00 |
Our analysis suggests an average price of $87.00 for the year 2027, representing an 11.5% increase from the previous year. This growth is supported by the company’s strong fundamentals and strategic investments.
NGG Stock Price Forecast 2028
As National Grid continues to capitalize on emerging opportunities in the energy sector, the stock price is expected to reflect this growth momentum. The projected price range for 2028 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $90.00 | $97.00 | $105.00 |
With an average price of $97.00, National Grid’s stock is forecasted to experience a 11.5% increase compared to 2027, indicating the company’s ability to adapt and thrive in a rapidly evolving industry.
NGG Stock Price Forecast 2029
In 2029, National Grid is expected to maintain its strong market position and continue delivering value to its shareholders. The projected price range for 2029 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $100.00 | $108.00 | $117.00 |
Our analysis suggests an average price of $108.00 for the year 2029, representing an 11.3% increase from the previous year. This growth reflects the company’s commitment to operational excellence and strategic initiatives.
NGG Stock Price Forecast 2030
As National Grid enters the new decade, the stock price is expected to reflect the company’s continued success and growth prospects. The projected price range for 2030 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $112.00 | $120.00 | $130.00 |
With an average price of $120.00, National Grid’s stock is forecasted to experience an 11.1% increase compared to 2029, indicating the company’s resilience and ability to adapt to changing market dynamics.
Related: Duke Energy Corporation (DUK) Stock Forecast & Price Prediction
NGG Stock Price Forecast 2031
In 2031, National Grid is expected to continue its upward trajectory, driven by strong demand and favorable market conditions. The projected price range for 2031 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $124.00 | $133.00 | $144.00 |
Our analysis suggests an average price of $133.00 for the year 2031, representing a 10.8% increase from the previous year. This growth is supported by the company’s commitment to sustainable practices and innovative solutions.
NGG Stock Price Forecast 2032
As National Grid continues to expand its operations and capitalize on emerging opportunities, the stock price is expected to reflect this growth potential. The projected price range for 2032 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $137.00 | $147.00 | $159.00 |
With an average price of $147.00, National Grid’s stock is forecasted to experience a 10.5% increase compared to 2031, indicating the company’s ability to maintain its strong market position and deliver value to its shareholders.
NGG Stock Price Forecast 2033
In 2033, National Grid is expected to continue its upward trajectory, driven by robust demand and strategic investments. The projected price range for 2033 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $151.00 | $162.00 | $175.00 |
Our analysis suggests an average price of $162.00 for the year 2033, representing a 10.2% increase from the previous year. This growth reflects the company’s commitment to operational excellence and sustainable practices.
NGG Stock Price Forecast 2034
As National Grid solidifies its position as a leader in the energy sector, the stock price is expected to reflect this strong performance. The projected price range for 2034 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $166.00 | $178.00 | $192.00 |
With an average price of $178.00, National Grid’s stock is forecasted to experience a 9.9% increase compared to 2033, indicating the company’s ability to adapt to changing market dynamics and capitalize on growth opportunities.
NGG Stock Price Forecast 2035
In 2035, National Grid is expected to continue its upward trajectory, driven by strong demand and favorable market conditions. The projected price range for 2035 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $182.00 | $195.00 | $210.00 |
Our analysis suggests an average price of $195.00 for the year 2035, representing a 9.6% increase from the previous year. This growth is supported by the company’s commitment to sustainable practices and innovative solutions.
NGG Stock Price Forecast 2036
As National Grid continues to expand its operations and capitalize on emerging opportunities, the stock price is expected to reflect this growth potential. The projected price range for 2036 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $199.00 | $213.00 | $229.00 |
With an average price of $213.00, National Grid’s stock is forecasted to experience a 9.2% increase compared to 2035, indicating the company’s ability to maintain its strong market position and deliver value to its shareholders.
NGG Stock Price Forecast 2037
In 2037, National Grid is expected to continue its upward trajectory, driven by robust demand and strategic investments. The projected price range for 2037 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $217.00 | $232.00 | $249.00 |
Our analysis suggests an average price of $232.00 for the year 2037, representing an 8.9% increase from the previous year. This growth reflects the company’s commitment to operational excellence and sustainable practices.
NGG Stock Price Forecast 2038
As National Grid solidifies its position as a leader in the energy sector, the stock price is expected to reflect this strong performance. The projected price range for 2038 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $236.00 | $252.00 | $270.00 |
With an average price of $252.00, National Grid’s stock is forecasted to experience an 8.6% increase compared to 2037, indicating the company’s ability to adapt to changing market dynamics and capitalize on growth opportunities.
NGG Stock Price Forecast 2039
In 2039, National Grid is expected to continue its upward trajectory, driven by strong demand and favorable market conditions. The projected price range for 2039 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $256.00 | $273.00 | $292.00 |
Our analysis suggests an average price of $273.00 for the year 2039, representing an 8.3% increase from the previous year. This growth is supported by the company’s commitment to sustainable practices and innovative solutions.
NGG Stock Price Forecast 2040
As National Grid continues to expand its operations and capitalize on emerging opportunities, the stock price is expected to reflect this growth potential. The projected price range for 2040 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $277.00 | $295.00 | $315.00 |
With an average price of $295.00, National Grid’s stock is forecasted to experience an 8.1% increase compared to 2039, indicating the company’s ability to maintain its strong market position and deliver value to its shareholders.
NGG Stock Price Forecast 2050
Looking ahead to 2050, National Grid is expected to solidify its position as a global leader in the energy sector, driven by its commitment to sustainability and technological advancements. The projected price range for 2050 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $800.00 | $890.00 | $980.00 |
Our analysis suggests an average price of $890.00 for the year 2050, representing a remarkable compound annual growth rate (CAGR) of approximately 6.9% from 2040 to 2050. This long-term growth projection reflects National Grid’s ability to adapt to changing market dynamics, embrace sustainable practices, and capitalize on emerging opportunities in the energy sector.
Conclusion
National Grid’s stock price forecasts paint a promising picture of sustained growth and value creation for investors. By leveraging its extensive expertise, strategic investments, and commitment to sustainability, the company is well-positioned to capitalize on emerging opportunities in the dynamic energy sector. As the world transitions towards a more sustainable future, National Grid’s focus on innovative solutions and operational excellence positions it as a frontrunner in the industry.
FAQs
1. What is the future of NGG share price?
According to our analysis, the future of National Grid plc’s (NGG) share price looks promising. We project substantial growth in the company’s stock price over the next several decades. Specifically:
- By 2030, our forecast suggests an average price of $120.00 for NGG shares.
- By 2040, the average price is projected to reach $295.00.
- By 2050, we anticipate an average price of $890.00 for NGG shares.
These projections are based on factors such as National Grid’s strong fundamentals, strategic investments in infrastructure and renewable energy, favorable market conditions, and the company’s commitment to sustainability and operational excellence.
2. What is the NGG share prediction for 2030?
Our prediction for National Grid plc’s (NGG) share price in 2030 is an average price of $120.00, with a projected range of $112.00 (low price) to $130.00 (high price). This represents an 11.1% increase compared to the forecasted average price of $108.00 in 2029.
3. What is the NGG 10 year outlook?
Over the next 10 years, from 2024 to 2034, our outlook for National Grid plc’s (NGG) share price is highly positive. We project substantial growth during this period, with the average price rising from $62.00 in 2024 to $178.00 in 2034, representing a compound annual growth rate (CAGR) of approximately 10.9%.
4. Is NGG a buy, hold, or sell?
Based on our comprehensive analysis and forecasts, National Grid plc (NGG) appears to be a strong “buy” for long-term investors. The company’s solid fundamentals, strategic positioning in the energy sector, and commitment to sustainability and innovation make it an attractive investment opportunity. Our projections indicate substantial growth potential for NGG’s share price over the next several decades, suggesting that investors who buy and hold the stock could potentially benefit from significant returns.
5. Who are the major competitors of NGG?
National Grid plc operates in the highly competitive utility sector and faces competition from several major players, both in the United Kingdom and internationally. Some of the company’s notable competitors include:
- SSE plc (UK)
- Centrica plc (UK)
- Iberdrola S.A. (Spain)
- Enel S.p.A. (Italy)
- EDF (France)
- E.ON SE (Germany)
- Duke Energy Corporation (USA)
- Dominion Energy, Inc. (USA)
- Southern Company (USA)
- Exelon Corporation (USA)
While National Grid maintains a strong market position and competitive advantages, these companies represent formidable competitors in various segments of the energy industry, including electricity generation, transmission, distribution, and renewable energy solutions.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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