Positive
Seeking Alpha
1 month ago
National Grid: Superb Returns From Undervaluation
National Grid remains a "buy," with a raised price target, reflecting strong fundamentals and solid regulatory visibility. NGG's recent performance includes robust EBIT and EPS growth, well-covered dividends, and successful synergy realization despite a dilutive rights issue. Regulatory risks, especially in the US, and limited upside, due to valuation stretch warrant caution and careful position management going forward.