National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,066.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 1,162.00
  • 52 Week Low: 932.00
  • Currency: UK Pounds
  • Shares Issued: 3,719.72m
  • Volume: 8,069,136
  • Market Cap: £39,652m

National Grid's WPD acquisition gets the all-clear from CMA

By Iain Gilbert

Date: Wednesday 01 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Utilities company National Grid's proposed takeover of Britain's largest electricity distribution business has been cleared by market regulator the Competition and Market's Authority.
National Grid, which agreed to purchase Western Power Distribution from US firm PPL back in March, got the all-clear to move ahead with the acquisition on Wednesday after the CMA stated the $11.0bn deal did not merit a so-called Phase 2 investigation despite initial concerns that the merger would mean National Grid and WPD would cease "to be distinct".

The London-based firm has previously stated that the deal marked a move away from gas and invest roughly £10.0bn pounds in its electricity network over a five-year period as the UK looks to reach net-zero by 2050.

National Grid was also said to be in the process of selling its majority stake in National Grid Gas, which owns the national gas transmission system.

As of 0915 BST, National Grid shares were up 1.07% at 951.40p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

National Grid Market Data

Currency UK Pounds
Share Price 1,066.00p
Change Today 4.50p
% Change 0.42 %
52 Week High 1,162.00
52 Week Low 932.00
Volume 8,069,136
Shares Issued 3,719.72m
Market Cap £39,652m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.92% below the market average68.92% below the market average68.92% below the market average68.92% below the market average68.92% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
26.29% above the market average26.29% above the market average26.29% above the market average26.29% above the market average26.29% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
43.51% above the market average43.51% above the market average43.51% above the market average43.51% above the market average43.51% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
31.11% above the market average31.11% above the market average31.11% above the market average31.11% above the market average31.11% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 6
Neutral 5
Sell 1
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

National Grid Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 01-Jun-23
Paid 11-Jan-24 09-Aug-23
Amount 19.40p 37.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:51 325,000 @ 1,063.40p
16:35 3,193,460 @ 1,066.00p
16:35 50 @ 1,066.00p
16:35 2,741 @ 1,066.00p
16:35 192 @ 1,066.00p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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