National Grid Transco (NYSE:NGG) Posts Quarterly Earnings Results, Beats Estimates By $25.21 EPS

National Grid Transco (NYSE:NGG) announced its quarterly earnings data on Thursday. The utilities provider reported $28.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $25.21, FiscalAI reports. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $16.36 billion.

Here are the key takeaways from National Grid Transco’s conference call:

• National Grid reported strong full-year results, with underlying operating profit up to GBP 5.7 billion, underlying EPS up 8% at constant currency, and the dividend increased 3.8% in line with CPIH.
• The company reaffirmed its updated five-year plan to invest at least GBP 70 billion, targeting annual asset growth of around 10% and underlying EPS growth of 8%-10%.
• Management highlighted major growth opportunities from the energy transition and rising power demand, including connections for 35 GW of new generation and 19 GW of new demand in the U.K., plus rapid demand growth in the U.S. from data centers, AI, and reshoring.
• Executives emphasized a push to improve execution through the new “brilliant basics” framework, including stronger capital controls, standardized designs, better asset management, and more responsive customer processes.
• The company said it is using technology and AI to improve productivity and reliability, citing tools that reduced crew travel time by 30%, boosted customer satisfaction, and identified extra network capacity for new load connections.

National Grid Transco Price Performance

NYSE NGG traded up $0.38 during trading hours on Thursday, hitting $87.36. The company had a trading volume of 4,458,392 shares, compared to its average volume of 1,092,317. The business has a 50 day moving average of $87.29 and a 200-day moving average of $83.02. National Grid Transco has a 1-year low of $67.51 and a 1-year high of $94.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.97.

Institutional Trading of National Grid Transco

A number of large investors have recently made changes to their positions in NGG. IFP Advisors Inc increased its position in National Grid Transco by 28.1% during the third quarter. IFP Advisors Inc now owns 692 shares of the utilities provider’s stock worth $50,000 after buying an additional 152 shares during the period. Keel Point LLC grew its position in shares of National Grid Transco by 5.4% during the fourth quarter. Keel Point LLC now owns 3,182 shares of the utilities provider’s stock worth $246,000 after acquiring an additional 163 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of National Grid Transco by 0.5% during the fourth quarter. Quadrant Capital Group LLC now owns 35,978 shares of the utilities provider’s stock worth $2,783,000 after acquiring an additional 179 shares during the last quarter. Glenmede Investment Management LP increased its holdings in shares of National Grid Transco by 2.8% in the 3rd quarter. Glenmede Investment Management LP now owns 6,928 shares of the utilities provider’s stock valued at $503,000 after acquiring an additional 188 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in National Grid Transco by 11.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,144 shares of the utilities provider’s stock valued at $156,000 after purchasing an additional 224 shares during the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NGG has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. Zacks Research lowered National Grid Transco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group restated a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, National Grid Transco currently has an average rating of “Hold” and an average target price of $83.80.

National Grid Transco Company Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.