National Grid (NYSE:NGG) Azioni

National Grid

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.

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Segnali tecnici di ipercomprato emergono per specifici player energetici. Prudenza consigliata per chi segue il momentum.

2 titoli del settore dei servizi di pubblica utilità che potrebbero crollare questo mese

<ul>
<li>Residential, commercial and industrial energy customers across Massachusetts and New York are set to benefit from Kraken's revolutionary customer engagement and billing platform</li>
<li>Kraken's industry-leading enterprise cloud solution will support National Grid's efforts to dramatically improve customer experience, boost efficiency, and enable delivery of dynamic energy products and services to its customers</li>
<li>National Grid becomes the first U.S. integrated utility to implement Kraken, which already serves over 70 million customer accounts globally</li>
</ul>
Kraken, the groundbreaking operating system transforming global utilities, has partnered with National Grid to supercharge the way it serves its customers.
By unifying customer operations on a single, intelligent platform, Kraken can process over eight billion data points daily, unlocking deeper insight into customer behaviors and energy usage. This will empower employees with tools to anticipate and address evolving customer needs. Ultimately, the partnership strengthens National Grid's ability to design innovative energy solutions and deliver a safe and reliable energy system.

Kraken Partners With National Grid To Bring Globally Proven Customer-Service Platform To Over 6M U.S. Energy Customers

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Compass Point analyst Joe Flynn downgraded the rating for MARA Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) from Neutral to Sell and lowered the price target from $25 to $9.5. MARA Holdings shares closed at $13.09 on Monday. <a href="https://www.benzinga.com/quote/MARA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Leerink Partners analyst David Risinger downgraded Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) from Outperform to Market Perform and cut the price target from $550 to $503. Vertex Pharmaceuticals shares closed at $500.19 on Monday. <a href="https://www.benzinga.com/quote/VRTX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Jenny Ping downgraded the rating for National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) from Buy to Neutral. National Grid shares closed at $71.84 on Monday. <a href="https://www.benzinga.com/quote/NGG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JWedbush analyst Michael Pachter downgraded Turtle Beach Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBCH#NASDAQ">TBCH</a>) from Outperform to Neutral and lowered the price target from $21 to $9. Turtle Beach shares closed at $10.76 on Monday. <a href="https://www.benzinga.com/quote/tbch/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying VRTX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="623" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06071502/image-52-1024x623.png" alt="" class="wp-image-903019" style="width:603px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06071502/image-52-1024x623.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06071502/image-52-300x182.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06071502/image-52-768x467.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06071502/image-52.png 1095w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Downgrades

Analyst Ratings

MARA

RDDT

TBCH

VRTX

This Vertex Pharmaceuticals Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Tuesday

Citigroup analyst Jenny Ping downgrades National Grid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) from Buy to Neutral.

Citigroup Downgrades National Grid to Neutral

UBS analyst Mark Freshney downgrades National Grid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) from Buy to Neutral.

UBS Downgrades National Grid to Neutral

As of April 21, 2025, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">National Grid Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>)</h3>
<ul>
<li>On Nov. 20, 2024, National Grid named Steve Smith as Chief Strategy and Regulation Officer. "It's a privilege to be appointed to this role at the most exciting time for the energy sector in decades," said Steve Smith "The strategy and regulation teams already deliver outstanding work to ensure National Grid is set up for success and that we continue to put our customers first. I am very much looking forward to continuing to build on this, as I take up the role on a permanent basis." The company's stock jumped around 13% over the past month and has a 52-week high of $73.40.</li>
<li>RSI Value: 70.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NGG Price Action: Shares of National Grid gained 0.9% to close at $72.11 on Thursday.</li>
<li>Edge Stock Ratings: 81.39 Momentum score with Value at 61.01. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/ngg"><img loading="lazy" decoding="async" width="498" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21024550/image-31.png" alt="" class="wp-image-879013" style="width:436px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21024550/image-31.png 498w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21024550/image-31-300x116.png 300w" sizes="(max-width: 498px) 100vw, 498px" /></a></figure>
<h3 class="wp-block-heading">Korea Electric Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>)</h3>
<ul>
<li>The company's stock gained around 14% over the past month and <a href="https://www.benzinga.com/quote/KEP">has a 52-week high</a> of $9.42.</li>
<li>RSI Value: 71.9</li>
<li>KEP Price Action: Shares of Korea Electric Power fell 0.1% to close at $8.58 on Thursday.</li>
</ul>
How do other stocks rank? Get the full <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">BZ Edge Rankings breakdown here</a>. 
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Top 2 Utilities Stocks That May Collapse This Month

WIIM

GYRO

Shares of REITs and utilities stocks are trading lower amid a rise in Treasury yields, which could drive a rotation out of income-paying stocks.

U.S. stocks were lower, with the Dow Jones index falling over 1,200 points on Thursday.
Shares of Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) rose sharply during Thursday's session after the company reported better-than-expected third-quarter financial results and issued FY25 sales guidance <a href="https://www.benzinga.com/quote/LW/earnings">above estimates</a>.
Lamb Weston reported quarterly earnings of $1.10 per share which beat the analyst consensus estimate of 87 cents per share. The company reported quarterly sales of $1.52 billion which beat the analyst consensus estimate of $1.49 billion.
Lamb Weston shares jumped 10% to $59.52 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) shares jumped 12.5% to $10.25.</li>
<li>Northern Dynasty Minerals Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAK#NYSE">NAK</a>) gained 12% to $1.0250.</li>
<li>Skyline Builders Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKBL#NASDAQ">SKBL</a>) shares rose 7.1% to $11.10.</li>
<li>National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) shares rose 6.5% to $70.08.</li>
<li>SBA Communications Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) shares gained 6.1% to $232.69.</li>
<li>Anbio Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNNN#NASDAQ">NNNN</a>) rose 5.6% to $7.39.</li>
<li>The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) climbed 4.7% to $70.44.</li>
<li>American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) shares rose 4.4% to $227.53.</li>
<li>Valneva SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) gained 4.2% to $7.29.</li>
<li>Fresenius Medical Care AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMS#NYSE">FMS</a>) rose 4.2% to $25.76.</li>
<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) gained 4% to $721.00. McKesson, on Wednesday, completed acquisition of PRISM Vision Holdings, LLC.</li>
<li>Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) rose 3% to $55.59 as the FDA granted Orphan Drug Status to the company's Rilzabrutinib for two rare autoimmune diseases with high unmet needs.</li>
</ul>
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Intraday Update

Movers

NNNN

SBAC

SKBL

VALN

Lamb Weston Posts Better-Than-Expected Results, Joins Sanofi And Other Big Stocks Moving Higher On Thursday

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>)</h3>
<ul>
<li>On Nov. 20, National Grid named Steve Smith as Chief Strategy and Regulation Officer. &#8220;It&#8217;s a privilege to be appointed to this role at the most exciting time for the energy sector in decades,&#8221; said Steve Smith &#8220;The strategy and regulation teams already deliver outstanding work to ensure National Grid is set up for success and that we continue to put our customers first. I am very much looking forward to continuing to build on this, as I take up the role on a permanent basis.&#8221; The company's stock fell around 6% over the past month and has a <a href="https://www.benzinga.com/quote/NGG">52-week low of $55.13</a>.</li>
<li>RSI Value: 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NGG Price Action: Shares of National Grid fell 0.3% to close at $58.86 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">latest NGG news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204.png" alt="" class="wp-image-707637" style="width:520px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204-768x708.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 12, JP Morgan analyst Jeremy Tonet downgraded American Electric Power from Overweight to Neutral and lowered the price target from $109 to $102. The company's stock fell around 7% over the past month and <a href="https://www.benzinga.com/quote/AEP">has a 52-week low</a> of $75.22.</li>
<li>RSI Value: 29</li>
<li>AEP Price Action: Shares of American Electric Power fell 0.5% to close at $92.37 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">AEP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205.png" alt="" class="wp-image-707638" style="width:585px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205-768x706.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
NextEra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)
<ul>
<li>On Dec. 12, Scotiabank analyst Andrew Weisel maintained NextEra Energy with a Sector Outperform and raised the price target from $92 to $96. The company's stock fell around 6% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/NEE">low of $53.95</a>.</li>
<li>RSI Value: 27</li>
<li>NEE Price Action: Shares of NextEra Energy gained 0.6% to close at $72.91 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">breakout in NEE shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="872" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206.png" alt="" class="wp-image-707645" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206.png 872w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206-300x288.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206-768x737.png 768w" sizes="(max-width: 872px) 100vw, 872px" /></a></figure>
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Long Ideas

Top 3 Utilities Stocks You'll Regret Missing In December

National Grid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) reported quarterly earnings of $0.36 per share. This is a 20 percent increase over earnings of $0.30 per share from the same period last year. The company reported $10.20 billion in sales this quarter. This is a 4.56 percent decrease over sales of $10.69 billion the same period last year.

Earnings

National Grid H1 Adj $0.36 Up From $0.30 YoY, Sales $10.20B Down From $10.69B YoY

National Grid Transco shares are trading lower after Citigroup downgraded the stock from Buy to Neutral.

National Grid Renewables is pleased to announce the execution of a power purchase agreement (PPA) with Microsoft for its Portage Solar Project, a 250-megawatt (MW) development located in Portage County, Wisconsin.
"It's exciting to see business development and economic growth in our neighboring state of Wisconsin," said Blake Nixon, President of National Grid Renewables. "Through our contract with Microsoft, we are providing Wisconsin residents direct and indirect revenue streams from Portage Solar. The project will not only benefit the local communities through the production of new tax revenue and job creation, but it also contributes a clean, sustainable energy solution for years to come."

MSFT

National Grid Renewables Signs Power Purchase Agreement with Microsoft For Its Portage Solar Project, A 250-Megawatt Development Located In Portage County, Wisconsin

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>)</h3>
<ul>
<li>On May 23, National Grid reported an equity raise of £7 billion and a year-over-year decrease in full-year revenue results. John Pettigrew, Chief Executive, said, "Alongside our new five-year financial framework, we are also today further evolving our strategy to focus on networks and will therefore be streamlining our business as we announce our intention to sell Grain LNG, our UK LNG asset, and National Grid Renewables, our US onshore renewables business." The company's stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/NGG">52-week low of $55.13</a>.</li>
<li>RSI Value: 28.78</li>
<li>NGG Price Action: Shares of National Grid fell 1.8% to close at $55.50 on Tuesday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061224&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest National Grid&#8217;s news.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="682" height="733" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12042512/Screenshot-2024-06-12-at-1.55.06-PM.png" alt="" class="wp-image-383783" style="width:433px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12042512/Screenshot-2024-06-12-at-1.55.06-PM.png 682w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12042512/Screenshot-2024-06-12-at-1.55.06-PM-279x300.png 279w" sizes="(max-width: 682px) 100vw, 682px" /></a></figure>
<h3 class="wp-block-heading">Pure Cycle Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On April 10, Pure Cycle posted an increase in quarterly sales. &#8220;Due to the continued success of our Sky Ranch Master Planned community, we have three phases of lot development now under construction accelerating the timing of delivering our lots to our home builder customers as well as lots for our single-family rental segment. As we complete final landscaping in Phase 2A, lot production through our seasonally slow winter months will see accelerated deliveries in the remaining half of our fiscal year with completion of approximately 211 lots in Phase 2B and substantial progress on our overlapping production of 228 lots in Phase 2C&#8221; commented Mark Harding, CEO of Pure Cycle. The company's stock fell around 4% over the past month. It <a href="https://www.benzinga.com/quote/PCYO">has a 52-week low</a> of $9.00.</li>
<li>RSI Value: 21.49</li>
<li>PCYO Price Action: Shares of Pure Cycle rose 0.9% to close at $9.23 on Tuesday.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061224&amp;t=be2bearmibe3na1">trend in Pure Cycle's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="686" height="747" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12042722/Screenshot-2024-06-12-at-1.57.17-PM.png" alt="" class="wp-image-383785" style="width:490px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12042722/Screenshot-2024-06-12-at-1.57.17-PM.png 686w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/12042722/Screenshot-2024-06-12-at-1.57.17-PM-276x300.png 276w" sizes="(max-width: 686px) 100vw, 686px" /></a></figure>
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PCYO

Top 2 Utilities Stocks That May Rocket Higher In June

Citigroup analyst Jenny Ping upgrades National Grid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) from Neutral to Buy.

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Citigroup Upgrades National Grid to Buy

UK Prime Minister Rishi Sunak has called a general election <a href="https://www.benzinga.com/general/politics/24/05/38972328/uk-to-hold-snap-election-on-july-4-rishi-sunak-announces-surprising-decision">to be held on July 4.</a> If the polls are correct and recent council elections are anything to go by, the election could deliver a landslide victory to the Labour Party, currently the main opposition against Sunak&#8217;s Conservative Party.
How Does The UK Election System Work?
Unlike the college votes system in the U.S., the UK operates a more simple version of the first-past-the-post system.
The UK is politically divided into 650 constituencies, each represented by a member of parliament (MP) in Westminster, London.
On polling day, each person casts a single vote for one candidate on the ballot card. The candidate with the most votes wins that constituency. The political party that wins the most constituencies becomes the new ruling party, and its leader is sworn in by the King as prime minister.
Why Has An Election Been Called Now?
It&#8217;s a constitutional obligation to hold a general election in the U.K. every five years. Sunak could have waited until December to call the election for January 2025, but &#8211; in a surprise announcement on May 22 &#8211; he set the date for July 4.
Why didn&#8217;t he wait? He likely considered the benefits of hanging around were too few. The Conservatives have held power since David Cameron led the party to victory in the 2010 general election. Things were looking pretty stable for a while &#8211; there was cohesion in the party, the economy was on the up and the Conservative &#8211; and Cameron&#8217;s &#8211; mandate was renewed at the 2015 election.
However, a string of devisive events, including the Brexit referendum in 2016, the Conservative party&#8217;s difficulties in adopting Brexit-related policies and new trade terms, and the mishandling of the COVID-19 crisis, have resulted in the resignation of four prime ministers over the past six years.
And Sunak&#8217;s own position has been built on a less-than-stable foundation since he took the helm following Liz Truss&#8216; record short tenure as PM. The Conservative Party leadership has lost the trust of many of its MPs, with several now declaring they will not contest their seats on July 4.
He&#8217;s now throwing the dice, gambling that the Labour Party and its leader Keir Starmer are unprepared for a snap election.
What Happens In The Coming Weeks?
As the Electoral Commission springs into action to get polling cards sent to all registered voters and prepare voting locations and official vote counters, the political parties are putting the final details to their election manifestos.
In recent days Sunak&#8217;s team has unveiled its list of priority policies, including bringing back national service, reducing public health waiting lists and reduced taxation and spending &#8211; all aimed at its key 60+ demographic.
Starmer has hit the campaign trail with pledges to reform the health service, grow the economy and tighten up on border security. On taxation, Labour plans to crack down on tax-avoiders, but plans no rises in corporation or personal taxes.
Among the main differentiating factors is environmental&nbsp;policy. The Conservative Party has, over the past several months, backtracked on some of its environmental commitments.
Labour, however, remains committed to its green pledges, including clean power by 2030, the establishment of a new publicly-owned energy company and to increase windfall taxes on oil and gas producers.
Also Read: <a href="https://www.benzinga.com/news/24/05/38753595/uks-economy-exits-recession-with-0-6-gdp-growth-el-erian-calls-for-sustainable-growth">UK&#8217;s Economy Exits Recession With 0.6% GDP Growth: El-Erian Calls For Sustainable Growth</a>
How Have Markets Reacted?
And it&#8217;s these green energy pledges that have had the biggest impact on UK markets in the past few sessions.
Shares in National Grid Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>), the UK energy distribution giant, have fallen 15% in two days after announcing a £7 billion ($8.94 billion) rights issue to help fund its green investment up to March 2029.
Meanwhile, fears that Labour could wholly or partially re-nationalize swathes of the utilities sector following its announcement of plans to create a new publicly-owned energy company sent shivers through water and energy stocks.
&#8220;Overall, we see most risk at the water companies, where we expect most rhetoric and a key political battle ground ahead of next election,&#8221; said Citi analysts in a note last week.
Water companies United Utilities (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UUGRY#OTC">UUGRY</a>) and Severn Trent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/STRNY#OTC">STRNY</a>) were down 7.9% and 7% respectively last week.
Since the May 22 announcement, the FTSE 100 index is down nearly 1%.
Among the U.S. stocks exposed to UK risk is Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), whose shares have fallen 13% over the past week.
Boots is one of the biggest high street retailers in the UK and, although no specific policies have been announced that might affect the stock, investors appear cautious.
Since the announcement, the yield on the benchmark 10-year Gilt has risen 127 basis points, pushing prices lower, over concerns of increased government borrowing under a potential new Labour government.
Now Read: <a href="https://www.benzinga.com/markets/equities/24/05/39040957/us-home-prices-hit-all-time-highs-fastest-growth-rate-in-a-year-weve-witnessed-records-repeatedl">US Home Prices Hit All-Time Highs, Fastest Growth Rate In A Year: &#8216;We&#8217;ve Witnessed Records Repeatedly Break&#8217;</a>
Photo: Unsplash

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UK Election: How It Works And Which Markets Could Be Affected

These&nbsp;10&nbsp;large-cap stocks were the worst performers last week. Are they in your portfolio?
<ol>
<li>National Grid Transco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) decreased 17.1% after the company reported an equity raise of £7 billion and a year-over-year <a href="https://www.benzinga.com//node/38991860" target="_blank" rel="noreferrer noopener">decrease in full-year revenue results</a>. </li>
<li>James Hardie Industries Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) shares declined 14.4% after the company reported <a href="https://www.benzinga.com//node/38929144" target="_blank" rel="noreferrer noopener">worse-than-expected Q4 financial results</a>.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares lost 14% in the last week after the company <a href="https://www.benzinga.com//node/38981059" target="_blank" rel="noreferrer noopener">reported Q1 financial results</a>.</li>
<li>JD.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) stock tumbled 13.70% after the company announced interim Q1 results and proposed an offering <a href="https://www.benzinga.com//node/38944001" target="_blank" rel="noreferrer noopener">of $1.5 billion convertible senior notes</a>.</li>
<li>XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) shares dived 13.3% after the company reported <a href="https://www.benzinga.com//node/38950599" target="_blank" rel="noreferrer noopener">worse-than-expected Q1 EPS results</a>.</li>
<li>Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) stock decreased 12.3%  following mixed Q2 earnings and soft Q3 revenue guidance, and several <a href="https://www.benzinga.com//node/38966867" target="_blank" rel="noreferrer noopener">analysts slashed their forecasts</a>. </li>
<li>BeiGene, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) shares were down 11.6%.</li>
<li>Lululemon Athletica Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NYSE">LULU</a>) shares lost 11.3% in the last week following the <a href="https://www.benzinga.com//node/38962335">announcement of chief product officer</a> Sun Choe resigning from his role. The company said it plans to implement organizational changes.</li>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) stock dropped 10.80% following the <a href="https://www.benzinga.com//node/38975615">disclosure of its sale</a> of Cencora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) shares for $400 million and reduced its ownership stake from 13% to 12%.</li>
<li>Li Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) shares tumbled 10.40% after the company reported <a href="https://www.benzinga.com//node/38915754">worse-than-expected Q1 results</a> on Monday and issued Q2 outlook.</li>
</ol>
Also Read: <a href="https://www.benzinga.com/news/large-cap/24/05/39022913/moderna-was-among-the-best-performing-large-cap-stocks-last-week-may-20-may-26-2024-are-they-in-yo">Moderna Was Among The Best Performing Large-Cap Stocks Last Week: Are They In Your Portfolio?</a>
Image: Pedro Alvarez from Pixabay

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Lululemon Athletica Was Among The Worst-Performing Stocks Last Week (May 19-May 26, 2024): Are These 10 Large-Cap Stock Losers In Your Portfolio?

National Grid plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) shares are trading lower after the company reported an equity raise of&nbsp;£7 billion and a year-over-year decrease in full-year revenue&nbsp;<a target="_blank" href="https://otp.tools.investis.com/clients/uk/national_grid2/rns/regulatory-story.aspx?cid=374&amp;newsid=1823644" rel="noreferrer noopener">results</a>.&nbsp;
In its 2023/24 full-year, adjusted EPS increased 32%&nbsp;year over year&nbsp;to £0.84, and gross revenue declined 8%&nbsp;year over year&nbsp;to £19.850 billion.
Underlying operating profit rose 4% Y/Y to&nbsp;£4.8 billion&nbsp;(+6% Y/Y at constant currency), aided by growth in revenues in&nbsp;UK&nbsp;Electricity Transmission through the RIIO-T2 price control, non-recurrence of Western Link liquidated damages, and higher rates in&nbsp;New York&nbsp;and New England.
Dividend: The company disclosed a final dividend of&nbsp;39.12 pence, bringing the full-year dividend to&nbsp;58.52 pence, up&nbsp;5.55%&nbsp;and in line with policy.
Outlook: For 2024/25, the company expects underlying EPS to be broadly in line with 2023/24 EPS once this has&nbsp;been adjusted&nbsp;by the number of bonus shares&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">issued as part of the rights issue</a>.
Investment: The company plans to invest&nbsp;£60 billion (around $75 billion) in the U.S. and U.K. over the next five&nbsp;<a target="_blank" href="https://otp.tools.investis.com/clients/uk/national_grid2/rns/regulatory-story.aspx?cid=374&amp;newsid=1823644" rel="noreferrer noopener">years</a>.
In New York, National Grid is investing around $21 billion between now and 2029, <a href="https://www.benzinga.com//node/38981778">per the company&#8217;s statement.</a>
The investment&nbsp;is expected&nbsp;to deliver annual group asset growth of around 10%,&nbsp;and 6%-8% underlying EPS CAGR from a 2024/25 baseline to 2028/29, assuming an exchange rate of £1:$1.25.&nbsp;&nbsp;
This&nbsp;is projected&nbsp;to be led by a comprehensive financing plan that includes a&nbsp;£7 billion&nbsp;equity raise.
John Pettigrew, Chief Executive, said, &#8220;Alongside our new five-year financial framework, we are also today further evolving our strategy to focus on networks and will therefore be streamlining our business as we announce our intention to sell Grain LNG, our&nbsp;UK&nbsp;LNG asset, and National Grid Renewables, our US onshore renewables business.&#8221;
Investors can gain exposure to the stock via&nbsp;Invesco International&nbsp;Dividend Achievers ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PID#NASDAQ">PID</a>) and&nbsp;Trust For&nbsp;Professional Managers ActivePassive International Equity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APIE#NYSE">APIE</a>).
Price Action: NGG shares are down 14.11% at $61.83 at the last check Thursday.
Photo via Midjourney

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Why UK's National Grid Shares Are Diving Today

National Grid shares are trading lower after the company reported a year-over-year decrease in FY24 revenue results. The company plans to invest an estimated $75 billion in the US and UK over the next five years.

National Grid Transco Expects EPS CAGR 6%-8% From 2024/25 Baseline Through 2028/29 Assuming Exchange Rate Of  £1:$1.25

National Grid Transco Expects 2024/25 Underlying EPS Broadly In Line With 2023/24 EPS One This Has Been Adjusted By Number Of Bonus Shares Issued As Part Of Rights Issue

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Press Releases

Fourth Annual National Grid Project C Week of Service Celebrates Company's Commitment to Its Communities

National Grid appoints Steve Smith as Chief Strategy and Regulation Officer

National Grid and National Grid Foundation Add $1.4 Million to Heating Assistance Funds

Amperon Secures Strategic Investment from National Grid Partners to Accelerate AI-powered Energy Forecasting Solutions

National Grid and Kraken Sign Deal to Bring Globally Proven Customer-Service Platform to Over 6 Million U.S. Energy Customers

Leap Powering National Grid's Virtual Power Plant Initiative in Massachusetts

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares

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