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National Grid (NGG) – Among the Best Utility Stocks to Buy for Dividends in 2026
Yahoo Finance· 2026-03-12 03:56
Group 1 - National Grid plc (NYSE:NGG) is recognized as one of the best utility stocks to buy for dividends in 2026, highlighting its strong dividend appeal [1][8] - The company operates in the transmission and distribution of electricity and gas across various segments, including UK Electricity Transmission, UK Electricity Distribution, New England, New York, and National Grid Ventures [2] - Goldman Sachs raised its price target for NGG from £1,254 to £1,450, indicating an upside potential of over 7% from the current share price while maintaining a 'Buy' rating [3] Group 2 - National Grid expects strong operational performance in full-year 2026, with underlying EPS projected to grow at a compound annual growth rate (CAGR) of 6-8% from a baseline of 73.3p in 2024/25 [4] - The company plans to invest over £11 billion in capital for continuing operations in the ongoing year, reflecting its commitment to growth and infrastructure development [4] - The share price of NGG has increased by over 14% since the beginning of 2026, and it offers an annual dividend yield of 3.47%, further solidifying its position as a strong dividend stock [5]