|Bid||1,217.00 x 0|
|Ask||1,218.00 x 0|
|Day's range||1,217.50 - 1,243.44|
|52-week range||880.60 - 1,243.44|
|Beta (5Y monthly)||0.01|
|PE ratio (TTM)||28.73|
|Earnings date||10 Nov 2021 - 15 Nov 2021|
|Forward dividend & yield||0.49 (4.05%)|
|Ex-dividend date||02 Dec 2021|
|1y target est||1,139.31|
National Grid has reported a sharp jump in profits as it cashes in on energy market turmoil.
The business plans to invest £24 billion in decarbonising energy grids.
National Grid, which runs Britain's energy systems and operates a gas franchise in New York City and Long Island, posted a 16% jump in underlying profit before tax from continuing operations to 3.06 billion pounds ($3.78 billion) for the year ended March 31. The company expects earnings for 2022/23 to be broadly flat on the reported figures and said it maintains its financial outlook over the five-year period to 2025/26. "The UK and U.S. communities we serve are facing significant cost-of-living challenges."