National Grid stock: Capital investment rose 21.30 percent for National Grid stock

Published on 10/21/2026 at 16:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year results are due November 5, 2026. National Grid stock costs EUR 14.42 on October 21, 2026, down 0.17 percent versus the Xetra close.

Capital investment and key dates

National Grid increased fiscal 2025/26 capital investment by 21.30 percent to GBP 11.58 billion.
National Grid will announce half-year results on November 5, 2026.
National Grid stock costs EUR 14.42 at Lang & Schwarz on October 21, 2026 at 4:08 p.m. CEST, 0.17 percent below the Xetra close of October 20, 2026.
National Grid trades at a price-to-earnings ratio of 18.60 and has a 4.00 percent dividend yield.

Isometrische Grafik der Stromnetz-Wertschöpfungskette vom Kraftwerk zum Haus — Isometrische Wertschöpfungskette zeigt Stromnetzweg von National Grid plc (GB00BDR05C01), vom Kraftwerk bis zum Haushalt, Illustration mit AI erstellt.

National Grid (ISIN GB00BDR05C01) increased capital investment by 21.30 percent to GBP 11.58 billion in fiscal 2025/26 from GBP 9.54 billion, according to National Grid. The company operates electricity and gas transmission and distribution networks in the United Kingdom and the United States, according to the same investor information. At Lang & Schwarz on October 21, 2026 at 4:08 p.m. CEST, the stock was trading at EUR 14.42, down 0.17 percent versus the Xetra close of October 20, 2026 at EUR 14.45.

Investment reached GBP 11.58 billion

The spending increase was the largest quantified operating figure on the investor page for fiscal 2025/26. National Grid also reported underlying operating profit of GBP 5.68 billion, up 8.80 percent from GBP 5.22 billion, while underlying earnings per share rose 8.30 percent to GBp 78.00 from GBp 72.00 in the same period.

National Grid stock stays below its high

On the London Stock Exchange, National Grid last traded at GBp 1,208.50 on October 21, 2026 at 3:16 p.m. London time. Its 52-week range was GBp 1,096.50 to GBp 1,428.50, placing the share price 15.40 percent below the high and 10.22 percent above the low. The stock's price-to-earnings ratio was 18.60, and its trailing dividend yield was 4.00 percent.

Valuation meets November 5 results

National Grid will announce results for the six months ended September 30, 2026, on November 5, 2026, according to FT.com. The company said on October 5, 2026 that fiscal 2027 underlying earnings per share growth should be slightly above its 13.00 to 15.00 percent guidance, with a one-off GBP 130.00 million contribution expected from National Grid Ventures and Other in the first half.

Comparison with peers

National Grid: down 0.17 percent, price-to-earnings ratio 18.60, market capitalization GBP 60.8 billion. SSE (LSE, GBp): up 0.27 percent, price-to-earnings ratio 25.12, market capitalization GBP 31.1 billion. Centrica (LSE, GBp): up 1.63 percent, price-to-earnings ratio 9.40, market capitalization GBP 6.8 billion.

Euro quote remains near the close

The modest euro decline leaves the market focused on the November results and the conversion of higher investment into regulated earnings. At Lang & Schwarz, National Grid stock was trading at EUR 14.42 on October 21, 2026 at 4:08 p.m. CEST, 0.17 percent below the Xetra close of October 20, 2026 at EUR 14.45. The further course of trading is shown by the continuously updated real-time quote of National Grid stock.