Buy National Grid As A Hedge Against A Potential UK Inflation Rise, At A Decent Valuation And An Optimistic Long-Term Outlook [Seeking Alpha]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
US:NYSE Investor Relations:
investors.nationalgrid.com
Company Research
Source: Seeking Alpha
Over three months ago, I wrote an article on National Grid (NYSE: NGG Yields and profitability National Grid's regulated U.K. revenue is indexed to inflation and corporate bond yields. Bond yields tend to rise with inflation, increasing National Grid's revenue. However, it is also boosting costs and interest paid on floating debt. The utility can expand profitability by keeping investment and operating costs below the inflation rate and cost of debt under the iBoxx corporate bond index average. In the U.S., National Grid passes debt costs on to its customers, while earnings are based on an ROE set by the regulators. Given that investors view utility shares as proxies for bonds, National Grid's share price tends to be inversely correlated with U.K. government-bond yields. Bloomberg's compiled consensus indicates U.K. inflation and interest rates will be higher on average in 2020-21 vs. 2019. I believe retirees can benefit from that, considering the stock's dividend policy. Since the U.
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High impacting National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares news events
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NGG
News
- National Grid Partners Surpasses $500M Invested to Lead the Energy Future [Yahoo! Finance]Yahoo! Finance
- National Grid increasing rates for Long Island, NYC customers this winter If you're a National Grid customer in New York City or on Long Island, it's going to cost more to heat with gas this winter. 0M ago [CBS News]CBS News
- Latest Videos National Grid raising rates for Long Island, NYC customers Frigid temperatures return this weekend, and if you're a National Grid customer in New York City or on Long Island, it's going to cost more to heat with gas this winter. CBS News NAcquire Media Monitor
- UK Electricity Grid Set For 'Unprecedented' £35 Bn Investment [Barron's]Barrons
- National Grid to invest up to £35bn in boost to UK green power targets [Financial Times (FT.com) (UK)]Financial Times
NGG
Sec Filings
- 12/18/24 - Form 6-K
- 11/29/24 - Form 6-K
- 11/29/24 - Form 6-K
- NGG's page on the SEC website