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 H1 operating profits up 50%

By Iain Gilbert

Date: Thursday 10 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Utilities firm National Grid said on Thursday that interim operating profits from continuing profits had shot up 50% on an underlying basis to £2.11bn, reflecting the "strength and resilience" of the business.
National Grid said underlying pre-tax profits had risen 47% to £1.44bn, while earnings per share surged 193% on a statutory basis to 30.8p. Interim dividends were hiked 4% to 17.84p.

The London-listed group noted that its investment in clean energy infrastructure had "continued at pace", with a record £3.9bn in the half year.

"This investment will continue into the future, and today, given changes to the macro-economic outlook, we are updating our five-year financial framework that we set out 18 months ago. Between 2022 and 2026, we now expect to invest up to £40.0bn in critical infrastructure, of which £29.0bn will be directly in the decarbonisation of energy networks," said chief executive John Pettigrew.

National Grid also raised full-year underlying earnings per share growth guidance for the 2022/23 year to be in the middle of its new 6-8% compound annual growth rate range.





Reporting by Iain Gilbert at Sharecast.com

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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
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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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