National Grid stock falls 1.26 percent as earnings outlook rises

Published on 10/07/2026 at 14:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid expects FY27 adjusted EPS growth above 13 to 15 percent after stronger NGV performance on October 5, 2026. Half-year results are due November 5.

Makroaufnahme von Kabelstrang und Glasisolator einer Hochspannungsleitung — Makroaufnahme von Kabel und Isolator veranschaulicht technische Infrastruktur von National Grid plc, ISIN GB00BDR05C01, Illustration mit AI erstellt.

National Grid stock was trading at GBp 1,136.50 on the LSE on October 7, 2026 at 1:11 p.m. London time, down 1.26 percent from the prior close. The move follows a pre-close update that lifted the company's full-year earnings outlook above its previous 13 to 15 percent adjusted EPS growth range.

Guidance rises on portfolio gains

According to Investegate on October 5, 2026, National Grid expects FY27 EPS growth to be slightly above 13 to 15 percent after a strong first half in National Grid Ventures and Other. The update covers the six months ended September 30, 2026, and places underlying EPS toward the second half of the year.

The division is expected to deliver GBP 130 million of additional first-half performance relative to expectations. The company attributed that contribution to fair value gains from two NG Partners transactions and stronger interconnector performance, while UK regulated operations remained in line with expectations.

Results date sets the next test

National Grid will publish its 2026/27 half-year results on November 5, 2026, according to Investegate. That report will show whether the one-off portfolio gains translate into the expected first-half contribution and how much of the annual earnings growth remains dependent on the second half.

RBC kept a Sector Perform rating and a GBp 1,375 price target on October 5, 2026, as reported by Finanzen. Jefferies also retained a Hold rating and a GBp 1,300 target, according to Proactive Investors.

Consensus target stays above quote

A five-house consensus carried a Hold label on September 28, 2026, with two Buy, two Hold and one Sell rating. Boerse Express reported a median 12-month target of EUR 15.70, with a EUR 13.38 to EUR 17.45 range.

The LSE quote was last at GBp 1,136.50 on October 7, 2026 at 1:11 p.m. London time, with a session range of GBp 1,133.00 to GBp 1,154.50 and a 52-week range of GBp 1,075.50 to GBp 1,428.50. Volume stood at 1,910,973 shares, making the earnings update a test of whether one-off gains can support the higher outlook beyond the next report.