National Grid (NGG) plans to invest nearly $69 billion (£60 billion) over the next five years across its service territories in the UK and the US to meet rising demand from new customer connections. This investment coincides with a projected earnings per share (EPS) estimate for fiscal 2026 of $5.07, reflecting a 2.6% increase within the last month and an earnings growth rate of 8.4% over three to five years.
As of the end of fiscal 2025, NGG reported a times interest earned (TIE) ratio of 3, indicating strong solvency. The company is also aiming for net-zero emissions by 2050 and has already connected 2.5 gigawatts (GW) of customer projects to its transmission network this year, with 1.6 GW sourced from renewables. NGG currently offers a dividend yield of 5.73%, significantly higher than the S&P 500 Composite’s 1.18%.
