Latest news with #NGG
Yahoo
6 days ago
- Business
- Yahoo
Here's Why You Must Add National Grid Stock to Your Portfolio Now
National Grid NGG stands to benefit from its strategic investment in infrastructure upgrades and expansion. Rising demand from new customer connections, along with its low-risk, high-quality assets, makes NGG an attractive investment opportunity in the Zacks Utility Electric Power us focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. The Zacks Consensus Estimate for NGG's fiscal 2026 earnings per share (EPS) has increased 2.7% to $4.94 in the past 30 company's (three to five years) earnings growth rate is pegged at 2.3%. NGG has been consistently increasing shareholders' value by paying dividends. The company's current dividend yield is 5.73%, up from the S&P 500 Composite's 1.24%. National Grid has plans to invest nearly $69 billion (£60 billion) across its service territory in the United Kingdom and the United States over the next five company will benefit from increased demand resulting from new customer connections in its service zone. In total, 2.5 gigawatts (GW) of customer projects were connected to the transmission network this year, with 1.6 GW being renewables. National Grid's current ratio at the end of fiscal 2025 was 1.35, higher than the industry's average of 0.93. The ratio being greater than one indicates the company's ability to meet its future short-term liabilities without difficulties. National Grid's times interest earned ratio (TIE) at the end of fiscal 2025 was 3. The strong TIE ratio indicates that the company will be able to meet its interest payment obligations in the near term without any problems. The company is enabling the energy transition for all and intends to achieve net-zero emissions by 2050. National Grid works together with its partners to speed up the transition to a clean energy future. In the United States, NGG has made considerable investments in large-scale renewable energy projects such as wind and solar. In the past six months, NGG shares have risen 15.3% compared with its industry's growth of 3.9%. Image Source: Zacks Investment Research A few other top-ranked stocks related to the same industry are Evergy, Inc. EVRG, NiSource Inc. NI and CenterPoint Energy CNP, each holding a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks long-term earnings growth rate is 5.7%. The Zacks Consensus Estimate for 2025 EPS is pegged at $4.03, which indicates a year-over-year improvement of 5.8%. NI's long-term earnings growth rate is 7.9%. The Zacks Consensus Estimate for 2025 EPS is pegged at $1.88, which suggests a year-over-year rise of 7.4%. CNP's long-term earnings growth rate is 7.8%. The Zacks Consensus Estimate for 2025 EPS is pegged at $1.75, which calls for a year-over-year improvement of 8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NiSource, Inc (NI) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report National Grid Transco, PLC (NGG) : Free Stock Analysis Report Evergy Inc. (EVRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Workers strike at German breweries
Employees are walking out at several breweries in Germany's North Rhine-Westphalia region this week in a spat over wages. Workers took part in a "warning strike" yesterday (26 May) at Krombacher's brewery in Kreuztal. Around 150 Krombacher employees downed their tools for a two-hour period, Isabell Mura, deputy regional chairwoman of the North Rhine-Westphalia branch of the Food, Beverages and Catering Union (NGG), told Just Drinks. A "warning strike" acts as a "warning signal" to employers, Mura said. Demonstrations are also taking place today (27 May) at the Veltins brewery in Meschede, Hochsauerland, at the Dortmunder Actien Brauerei (DAB) in Dortmund, and Diebels brewery in Issum. "A lot of trouble has been brewing in North Rhine-Westphalia's breweries – especially at Krombacher in Kreuztal. Employers are putting the brakes on wages. This is provoking a 'knot in the beer pipeline' – namely, a whole series of warning strikes in many North Rhine-Westphalian breweries," Mura said in a statement. She added that the move across these German breweries could hit production. "Summer thirst could also suffer: Reduced beer production would also make barbecues and summer festivals drier," Mura said. The NGG union has called on brewery employers to give all staff a 6.6% wage increase this year. It has argued that employers have so far proposed a 2% hike for 2025, and a 2.2% wage increase for 2026, is "clearly too small a wage increase for properly brewed beer", said Mura. All full-time staff should earn at least €280 ($318) more a month, which "will primarily benefit those who aren't higher up the wage ladder like brewers", she said. The NGG is also calling for apprentices to receive €130 a month, Mura added. Responding to the news, Veltins told Just Drinks: "We consider the two-hour warning strike to be disproportionate given that a third round of negotiations has already been scheduled. The C. & A. Veltins brewery is interested in a better position for our employees in line with the market in agreement with both collective bargaining partners." Just Drinks has contacted Krombacher, DAB, and Diebels' owner Anheuser-Busch InBev for comment. Strikes also took place at Gaffel and Reissdorf in Cologne and Stauder, Essen, on Friday (23 May), Mura told Just Drinks. No further stoppages are planned for now, she added, noting that negotiations were due to take place with companies on 8 July. "Workers strike at German breweries" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
National Grid plc (NGG) Announces its FY 2025 Results
National Grid plc (NYSE:NGG) recently announced its results for the full-year 2025. Let's see how the company performed during the year. National Grid plc (NYSE:NGG) is the UK's largest electricity distribution network, serving nearly 8 million customers in the country. The company also operates in the US, delivering electricity, natural gas, and clean energy to more than 20 million people throughout New York and Massachusetts. National Grid plc (NYSE:NGG) recently posted its results for FY 2025, reporting an underlying EPS of 73.3p, up 2% from the previous year and ahead of guidance, with the underlying operating profit increase more than offsetting the increased number of shares after the Rights Issue. Moreover, the company's record £9.8 billion of capital investment helped to drive regulated asset growth of 10.5%. However, revenue decreased by 7% YoY to £18.38 billion. NGG's cash flow generated from continuing operations during the year came in at £7 billion, £0.3 billion lower than last year, mainly due to adverse timing movements. National Grid plc (NYSE:NGG) also declared a total dividend of 46.72p for its shareholders, an increase of 3.21% on last year's rebased dividend. As of the end of FY 2025, the company had £18 billion of distributable reserves, which is sufficient to cover more than five years of forecast dividends. National Grid plc (NYSE:NGG) has earmarked tens of billions of pounds in capital expenditure over the coming years to upgrade the UK's grid system, and recently raised £7bn via a share placing from investors to fund its growth and strengthen its balance sheet. John Pettigrew, CEO of National Grid plc (NYSE:NGG), stated: "We've made significant progress in the first year of our five-year financial framework, with record capital investment of almost £10 billion, 20% higher than 2024, helping to drive regulated asset growth of around 10% this year. Strong performance across all areas of the business underpins our plans to successfully invest c.£60 billion over five years. At a time of international economic uncertainty, National Grid continues to provide stable and predictable growth through our resilient business model. We remain focused on delivering secure, affordable and clean energy to our customers and communities, and providing long-term value and returns for our shareholders." While we acknowledge the potential of NGG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NGG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
19-05-2025
- Business
- Yahoo
National Grid plc (NGG) Announces its FY 2025 Results
National Grid plc (NYSE:NGG) recently announced its results for the full-year 2025. Let's see how the company performed during the year. National Grid plc (NYSE:NGG) is the UK's largest electricity distribution network, serving nearly 8 million customers in the country. The company also operates in the US, delivering electricity, natural gas, and clean energy to more than 20 million people throughout New York and Massachusetts. National Grid plc (NYSE:NGG) recently posted its results for FY 2025, reporting an underlying EPS of 73.3p, up 2% from the previous year and ahead of guidance, with the underlying operating profit increase more than offsetting the increased number of shares after the Rights Issue. Moreover, the company's record £9.8 billion of capital investment helped to drive regulated asset growth of 10.5%. However, revenue decreased by 7% YoY to £18.38 billion. NGG's cash flow generated from continuing operations during the year came in at £7 billion, £0.3 billion lower than last year, mainly due to adverse timing movements. National Grid plc (NYSE:NGG) also declared a total dividend of 46.72p for its shareholders, an increase of 3.21% on last year's rebased dividend. As of the end of FY 2025, the company had £18 billion of distributable reserves, which is sufficient to cover more than five years of forecast dividends. National Grid plc (NYSE:NGG) has earmarked tens of billions of pounds in capital expenditure over the coming years to upgrade the UK's grid system, and recently raised £7bn via a share placing from investors to fund its growth and strengthen its balance sheet. John Pettigrew, CEO of National Grid plc (NYSE:NGG), stated: "We've made significant progress in the first year of our five-year financial framework, with record capital investment of almost £10 billion, 20% higher than 2024, helping to drive regulated asset growth of around 10% this year. Strong performance across all areas of the business underpins our plans to successfully invest c.£60 billion over five years. At a time of international economic uncertainty, National Grid continues to provide stable and predictable growth through our resilient business model. We remain focused on delivering secure, affordable and clean energy to our customers and communities, and providing long-term value and returns for our shareholders." While we acknowledge the potential of NGG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NGG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
11-04-2025
- Business
- Yahoo
Ambush Founders Buy Back Majority Stake From New Guards Group
PARIS – Ambush is the latest brand to jump ship from troubled New Guards Group. Founders Yoon Ahn and Verbal have reacquired full ownership of the company, which joined New Guards Group's roster in 2020, when it bought a majority stake in the Tokyo-based brand. More from WWD Off-White Closes Mercer Street Store, Plans to Open New SoHo Store in September EXCLUSIVE: Farfetch Reboots Under Coupang, With a Focus on Customers and the Marketplace Modes Enters Business Restructuring Mode, CEO Exits Role In a statement, they said the transaction closed Friday, without providing additional details. This follows Bluestar Alliance's acquisitions of Off-White and Palm Angels, and last month's announcement that Alanui cofounders Carlotta and Nicolò Oddi had also bought back the stake held by New Guards Group, or NGG, in their high-end knitwear brand. 'Regaining full ownership enables us to fully express the core values and original vision upon which Ambush was built,' Ahn said. 'Now we are energized by this new chapter and the boundless potential ahead.' The brand owners want to steer it with complete creative autonomy and strategic flexibility, they said. They plan to further expand its presence, amplify its digital and technological initiatives, and initiate collaborations across fashion, music and culture. 'Taking back ownership is an important milestone that restores our freedom to pursue innovation and deepen our community connections globally,' said Verbal. A division of Farfetch, NGG is still home to brands including Marcelo Burlon County of Milan, Unravel Project, Heron Preston and Peggy Gou. Farfetch acquired NGG for $675 million in 2019. South Korean e-commerce giant Coupang took control of Farfetch at a knockdown price of $500 million at the end of 2023. As reported, in November, two weeks after losing the license to distribute Reebok footwear and apparel in Europe, NGG filed for Chapter 11-style proceedings in Italy, undergoing a restructuring and debt management process under Italian bankruptcy law. The filing is known in Italy as a CNC, and offers struggling companies the time and space to restructure and chart a path forward. It is not an insolvency procedure. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange
