National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,048.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 1,162.00p
  • 52 Week Low: 932.00p
  • Currency: UK Pounds
  • Shares Issued: 3,719.75m
  • Volume: 4,156,188
  • Market Cap: £39,002m

National Grid sells 20% of gas unit to Macquarie consortium for £700m

By Frank Prenesti

Date: Wednesday 19 Jul 2023

LONDON (ShareCast) - (Sharecast News) - National Grid has sold a further 20% of its UK National Gas transmission and metering business to the existing majority owners, a consortium of investors led by Macquarie Asset Management, for around £700m.


National Grid said it intended to use total proceeds of £700m towards general corporate purposes including repayment of debt. The consortium also has the option, exercisable between 1 May 2024 and 31 July 2024, to buy all or part of the remaining 20%.

The stake sale would be on the equivalent financial terms as when it sold a 60% stake to the consortium in January. That deal had implied an enterprise value of about £9.6bn for the unit.

Reporting by Frank Prenesti for Sharecast.com

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National Grid Market Data

Currency UK Pounds
Share Price 1,048.50p
Change Today 1.50p
% Change 0.14 %
52 Week High 1,162.00p
52 Week Low 932.00p
Volume 4,156,188
Shares Issued 3,719.75m
Market Cap £39,002m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67% below the market average67% below the market average67% below the market average67% below the market average67% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
7.92% below the market average7.92% below the market average7.92% below the market average7.92% below the market average7.92% below the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
46.93% above the market average46.93% above the market average46.93% above the market average46.93% above the market average46.93% 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
36.03% above the market average36.03% above the market average36.03% above the market average36.03% above the market average36.03% 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 0
Strong Sell 0
Total 15
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 26-Apr-2024

Time Volume / Share Price
17:06 882 @ 1,048.46p
16:38 3,022 @ 1,049.50p
16:38 16,664 @ 1,049.50p
16:38 1,118 @ 1,049.50p
16:35 1,785,191 @ 1,048.50p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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