National Grid PLC
NG.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 696.00 | Mmnb | Kvzbzmh |
National Grid Earnings: Fiscal 2024 Guidance Confirmed, Dividend Yield Is Attractive
We confirm our GBX 1,040 fair value estimate after National Grid released fiscal 2024 first-half results in line with the company-compiled consensus, confirmed its fiscal 2024 guidance, and upped its investments through fiscal 2026. We forecast a fiscal 2024 dividend of GBX 58, implying a 6% yield, appealing for a dividend aristocrat and reflecting the undervaluation of the shares.