National Grid raised at Goldman with questions eased around funding, leverage

seekingalpha06-13

National Grid (NYSE:NGG) +3.1% in Wednesday's trading as Goldman Sachs upgrades shares to Buy from Neutral, believing that growing power demand could drive underappreciated upside for the company as ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2443914975?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/498533798/image_498533798.jpg","is_english":true,"pubTime":"2024-06-13 03:23","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2443914975","market":"fut","top_or_hot":-1,"title":"National Grid raised at Goldman with questions eased around funding, leverage","media":"seekingalpha","content":"<div>\n<p>National Grid (NYSE:NGG) +3.1% in Wednesday's trading as Goldman Sachs upgrades shares to Buy from Neutral, believing that growing power demand could drive underappreciated upside for the company as ...</p>\n\n<a href=\"https://seekingalpha.com/news/4115336-national-grid-raised-at-goldman-with-questions-eased-around-funding-leverage\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>National Grid raised at Goldman with questions eased around funding, leverage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNational Grid raised at Goldman with questions eased around funding, leverage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-13 03:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4115336-national-grid-raised-at-goldman-with-questions-eased-around-funding-leverage><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>National Grid (NYSE:NGG) +3.1% in Wednesday's trading as Goldman Sachs upgrades shares to Buy from Neutral, believing that growing power demand could drive underappreciated upside for the company as ...</p>\n\n<a href=\"https://seekingalpha.com/news/4115336-national-grid-raised-at-goldman-with-questions-eased-around-funding-leverage\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://seekingalpha.com/news/4115336-national-grid-raised-at-goldman-with-questions-eased-around-funding-leverage","article_id":"2443914975","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/498533798/image_498533798.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443914975","pubTimestamp":1718220189,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"National Grid  +3.1% in Wednesday's trading as Goldman Sachs upgrades shares to Buy from Neutral, believing that growing power demand could drive underappreciated upside for the company as investments into power networks continue to build. Despite the initial negative market response to National Grid's  equity issuance and dividend re-basing, Goldman's Ajay Patel says the announcement removes questions around funding and leverage for the company, and with the uncertainties now out of the way, the stock now trades at 9.3x estimated 2009 P/E, a 32% discount to the 20-year average, as well as a modest 11% premium to regulated capital value. Comparing National Grid's  valuation to industry peers, if the company's U.K. network assets were valued at a premium to RCV comparable to other recent network transactions, Patel says the implied valuation for the U.S. regulated assets would be ~35% below their FY 2025 rate base; the analyst says this looks compelling vs. Consolidated Edison, the clos","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4127":"投资银行业与经纪业","BK4532":"文艺复兴科技持仓","BK4585":"ETF&股票定投概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","NGG":"英国国家电网公司","BK4588":"碎股","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4504":"桥水持仓","BK4208":"复合型公用事业","NHLD":"National Holdings Corporation","BK4552":"Archegos爆仓风波概念","LU0106831901.USD":"贝莱德世界金融基金A2","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC"},"translate_title":"国家电网向高盛提出融资和杠杆问题，缓解了有关融资和杠杆的问题","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NGG":1,"NHLD":1},"content_text":"National Grid (NYSE:NGG) +3.1% in Wednesday's trading as Goldman Sachs upgrades shares to Buy from Neutral, believing that growing power demand could drive underappreciated upside for the company as investments into power networks continue to build. Despite the initial negative market response to National Grid's (NGG) equity issuance and dividend re-basing, Goldman's Ajay Patel says the announcement removes questions around funding and leverage for the company, and with the uncertainties now out of the way, the stock now trades at 9.3x estimated 2009 P/E, a 32% discount to the 20-year average, as well as a modest 11% premium to regulated capital value. Comparing National Grid's (NGG) valuation to industry peers, if the company's U.K. network assets were valued at a premium to RCV comparable to other recent network transactions, Patel says the implied valuation for the U.S. regulated assets would be ~35% below their FY 2025 rate base; the analyst says this looks compelling vs. Consolidated Edison, the closest U.S. peer, which trades at a significant premium. Patel also says very little value appears to be ascribed for National Grid's (NGG) capital investment opportunity beyond 2030, with the stock trading at only a 4% premium to its estimated FY 2030 regulated asset base.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443914975"}