National Grid, de company wey dey supply electricity to many homes and businesses for UK and US, don become very attractive for investors lately. According to recent reports, National Grid (NGG) dey poised to benefit from their systematic investment plans, which go help enhance their infrastructure.
The company’s growth prospects dey look very promising. For de last three months, de Zacks Consensus Estimate for earnings per share (EPS) for fiscal year 2025 has risen by 2.4%, now projected at $4.63. And for fiscal year 2026, de EPS estimate has seen a 1.5% increase, reaching $4.87. Over de long term, National Grid anticipate an earnings growth rate of 3.15% over de next three to five years.
Financial stability also dey on de side of National Grid. At de conclusion of fiscal year 2024, de time-to-interest earned ratio stood at 2.8, indicating de company’s capability to fulfill its future interest payments comfortably.
Dividend performance dey another area where National Grid shine. De company currently offers a dividend yield of 7.47%, which be significantly higher than de Zacks S&P 500 composite yield of 1.23%.
National Grid also dey committed to sustainable energy. Dey aim for net zero emissions by 2050 and have set ambitious targets to cut Scope 1 and Scope 2 emissions by 60% by fiscal year 2030/31 from a baseline of 2018/19. Dey also plan to reduce absolute Scope 3 emissions by 37.5% by 2033/34.
In terms of investment, National Grid plans to allocate nearly $75 billion across their operations in UK and US over de next five years, with almost half earmarked for upgrades to de energy infrastructure in Massachusetts and New York. This investment mark a more than 60% increase compared to de previous five years.
