National Grid posts strong H1 results, boosts investment, and maintains Buy rating with inflation-protected dividends.

National Grid plc reported strong first-half results, driven by a 32% increase in capital investment focused mainly on UK and U.S. regulated networks. The company aims for about 9% return on equity in UK Electricity Transmission and expects improved performance in Distribution, with returns largely shielded from interest rate risks. Its valuation remains attractive at 14 times forward price-to-earnings, supported by diversified operations and a strategy emphasizing inflation-protected dividends and regulated asset growth. This makes National Grid appealing for conservative investors seeking stable income and growth potential.

National Grid's focus on stable income and regulated growth aligns with its current market performance. On Pluang, NGG trades at USD 85.94, up 0.84% as of Nov 06, 2026 01:51 WIB, with a dividend yield of 3.8%. This steady price and attractive yield support its appeal to conservative investors.