Last Updated: 9 November 2026
The national grid share price uk closed at 1,249.5p on Friday 7 November 2026, down 36p on the day. That 2.8% fall came just two days after the company reported strong half-year results, leaving investors asking why the shares slipped when the numbers looked so healthy.
National Grid is one of the biggest names on the London Stock Exchange. It owns the high-voltage electricity transmission network across England and Wales, runs regional distribution networks, and operates regulated utilities in the United States.
The latest fall still leaves the shares well ahead of where they started the year. The national grid share price uk has risen about 9.5% since the start of 2026, and it remains comfortably above its 52-week low of 1,096.5p.
In this article, we look at the latest price, the day’s trading range, the half-year results published on 5 November 2026, and the dividend dates that matter to income investors. Every price in this article is date-stamped, because share prices move every trading day.
What is the National Grid share price today? The national grid share price uk was 1,249.5p at the close on Friday 7 November 2026, down 36p (2.8%) from the previous close of 1,285.5p. The shares traded between 1,234p and 1,281p during the session, giving the FTSE 100 utility a market value of about £62.81 billion.
National Grid Share Price UK: Today’s Price at a Glance
Here is the key snapshot for the national grid share price uk, based on the close of trading on Friday 7 November 2026. Prices are quoted in pence on the London Stock Exchange, where the company trades under the ticker NG.
| Measure | Value |
|---|---|
| Share price (close, Fri 7 Nov 2026) | 1,249.5p |
| Previous close | 1,285.5p |
| Change on the day | Down 36p (-2.8%) |
| Opening price | 1,278.5p |
| Day’s range | 1,234p – 1,281p |
| 52-week range | 1,096.5p – 1,428.5p |
| Market capitalisation | About £62.81 billion |
| Price-to-earnings ratio (P/E) | About 19.4 |
| One-month return | About +8.9% |
| Year-to-date return | About +9.5% |
The shares started 2026 at 1,141.5p, so the national grid share price uk has added just over 100p in the year to date, even after Friday’s drop. That puts the fall into perspective: a single bad session does not undo ten months of gains.
What Does National Grid Actually Do?
National Grid plc is a British multinational energy company that owns and operates the electricity transmission network in England and Wales, runs electricity distribution networks serving millions of homes and businesses, and owns regulated gas and electricity utilities in New England and New York in the United States. In simple terms, it owns the wires, pylons and substations that move electricity from power stations to the places where it is used.
The business is split into several parts. UK Electricity Transmission owns the high-voltage network in England and Wales, the backbone of the country’s power system. UK Electricity Distribution runs the local networks that deliver power to homes and businesses in the Midlands, the South West and South Wales.
Across the Atlantic, National Grid operates regulated utilities in Massachusetts, New York and Rhode Island, supplying electricity and gas to millions of customers. The group also runs National Grid Ventures, which includes electricity interconnectors linking the UK with France, Belgium, the Netherlands and Norway, as well as renewables and energy storage projects.
Two things the company no longer does are worth knowing. National Grid sold its UK gas transmission business, now known as National Gas, and the electricity system operator role moved to the state-owned National Energy System Operator in October 2024. Today’s National Grid is, above all, an electricity networks business — and that matters for the national grid share price uk, because its earnings come mainly from regulated returns set by Ofgem rather than from the price of gas or electricity itself.
That regulated model is the key to understanding the shares. Ofgem sets the revenues National Grid can earn from its UK networks under price controls — the current transmission control, known as RIIO-T3, began in April 2026. When the regulator allows more investment, the company’s asset base grows, and so do its permitted earnings. That is why investors watch Ofgem decisions almost as closely as they watch the national grid share price uk itself.
Why Did the National Grid Share Price UK Fall on Friday?
Friday’s 2.8% fall looks odd at first glance. Only the day before, on Thursday 5 November 2026, National Grid had published half-year results that beat expectations, raised its full-year earnings guidance, and increased the interim dividend. The shares had even risen 2.2% to 1,292.5p on Thursday morning after the announcement.
Several factors can explain the pullback in the national grid share price uk on Friday:
- Profit-taking after the results rally. The shares had climbed sharply in the run-up to the results and on Thursday morning, so some investors will have locked in gains on Friday.
- A strong month before the fall. The stock was up about 8.9% over the previous month, so a 2.8% dip is a modest give-back rather than a collapse.
- Market-wide moves. Utility shares often fall when bond yields rise, because higher yields make their dividends look less attractive compared with government bonds. Broad market sentiment on the day can drag even a company with good news lower.
- No new news. There was no fresh company announcement on Friday to support the price, so the shares were left to drift with the wider market after Thursday’s excitement.
National Grid Half-Year Results: What the Numbers Said
National Grid published its half-year results for the six months to 30 September 2026 on Thursday 5 November 2026. The figures showed a business investing at a record pace and growing its earnings faster than expected.
The headline numbers from the results were:
- Revenue rose 15% to £8.12 billion, up from £7.07 billion in the same period a year earlier.
- Underlying operating profit rose 13% to £2.591 billion, with UK Electricity Transmission’s underlying operating profit up 45% in the first period under the new RIIO-T3 price control.
- Statutory operating profit rose 55% to £2.36 billion, up from £1.53 billion a year earlier.
- Pre-tax profit more than doubled to £1.73 billion, compared with £826 million a year earlier, although the company noted this was helped by favourable timing differences and one-off gains from asset revaluations and disposals.
- Underlying earnings per share rose 22% to 36.5p, while statutory earnings per share rose to 26.9p from 12.6p.
- Capital investment jumped 32% to £6.71 billion, mostly in UK electricity transmission, as the company builds the new lines and substations needed to connect wind farms and other low-carbon power.
Perhaps the most important part of the announcement was the guidance. National Grid now expects underlying earnings per share for the 2026/27 financial year to grow by 15% to 16% from the 2025/26 baseline of 78.0p. That is slightly better than the 13% to 15% range the company had pointed to before, and it gave investors a clear reason to be optimistic about the national grid share price uk over the rest of the financial year.
The investment programme is enormous. National Grid plans to invest at least £70 billion between the 2027 and 2031 financial years, including around £13.5 billion in 2027 alone, building the new lines and substations needed to connect wind farms and other low-carbon power to the grid.
For shareholders, the logic is straightforward: every pound invested in the regulated network grows the asset base on which Ofgem allows the company to earn a return. That is why the market reacted so positively on Thursday — and why the national grid share price uk is likely to keep tracking the pace of that investment programme in the years ahead.
National Grid Dividend: Dates, Amount and Yield
National Grid is a favourite with income investors, and the half-year results brought good news on the dividend. The board approved an interim dividend of 16.97p per share, up 3.8% from 16.35p a year earlier. That rise matches the company’s policy of growing the dividend in line with UK CPIH inflation, so the payout holds its value in real terms.
The key dates for the interim dividend are:
- Ex-dividend date: 19 November 2026. Investors must own the shares before this date to receive the payment.
- Record date: 20 November 2026. Shareholders on the register at this date qualify for the dividend.
- Payment date: 12 January 2027. The 16.97p per share will be paid to qualifying shareholders on this date.
For the full 2025/26 financial year, National Grid paid a total dividend of 48.49p per share, up from 46.72p the year before. At the national grid share price uk of 1,249.5p on Friday 7 November 2026, that gives a dividend yield of about 3.9% — a solid income for a FTSE 100 utility, even if it is lower than some high-yield shares in the index.
The interim dividend is set at 35% of the previous year’s total payout, which is why it came in at 16.97p. A scrip dividend alternative will again be offered, letting shareholders take extra shares instead of cash if they prefer. The board has said it aims to keep growing the dividend in line with CPIH through 2031, and the payout was covered 1.6 times by underlying earnings in 2025/26 — a comfortable level of cover for a regulated utility.
National Grid Share Price UK: 52-Week Performance and Valuation
The national grid share price uk has had a steady year rather than a spectacular one. The shares traded as low as 1,096.5p and as high as 1,428.5p over the past 52 weeks, a range of more than 330p that shows how much sentiment towards utilities can swing with interest rates and regulation.
Friday’s close of 1,249.5p sits about 14% above the 52-week low and about 12.5% below the 52-week high. In other words, the shares are in the middle of their year’s range — neither cheap on a 12-month view nor stretched.
On valuation, the shares trade on a price-to-earnings ratio of about 19.4, based on recent earnings. That is not cheap for a utility, but it reflects the growth on offer: underlying earnings per share rose 22% in the first half, and the company is guiding to 15% to 16% growth for the full year. Analysts tracked by MarketBeat put the average price target at about 1,316.33p, with a consensus rating of Hold — suggesting the City sees modest upside from the current level rather than a bargain.
Compared with other UK utilities, National Grid stands out for the scale of its investment plan and the visibility of its earnings. Regulated revenues give it a steadier income stream than power generators or energy retailers, which is why the shares are often held by pension funds and income investors who value reliability over excitement. The national grid share price uk tends to move more with bond yields and Ofgem decisions than with the oil or gas price, which sets it apart from most of the energy sector.
How to Buy National Grid Shares in the UK
If you are thinking about buying National Grid shares, the process is straightforward for UK investors. The shares trade on the London Stock Exchange under the ticker NG., and they can be held in a Stocks and Shares ISA or a Self-Invested Personal Pension (SIPP) as well as in a general investment account.
- Choose a broker or investment platform. Pick a UK-regulated platform that offers London Stock Exchange shares, and check its dealing charges and account fees before you open an account.
- Open and fund your account. Most platforms let you open an ISA or general investment account online in minutes, then fund it by bank transfer or debit card.
- Search for the ticker NG. Make sure you select National Grid plc on the London Stock Exchange, not the US-listed American Depositary Shares, which trade in dollars under a different ticker.
- Decide how many shares to buy. At 1,249.5p a share, £1,000 buys about 80 shares. Remember that dealing charges and stamp duty of 0.5% apply to UK share purchases.
- Place your order. A market order buys at the best available price, while a limit order only buys if the national grid share price uk falls to a level you choose.
- Consider the dividend. If you want the 16.97p interim dividend, buy before the ex-dividend date of 19 November 2026 — but do not buy for the dividend alone, as the price usually adjusts when the shares go ex-dividend.
Investors looking at other FTSE 100 income shares may also want to compare National Grid with telecoms giant BT, another big dividend payer whose shares we have covered before — see our BT share price article for the latest on that stock. Comparing yields, dividend cover and growth plans across sectors is a sensible way to build a balanced income portfolio.
You can follow the live price and company announcements on the London Stock Exchange’s National Grid quote page, which shows the latest trades, charts and regulatory news. For the half-year results in full, AJ Bell’s report on the interim results gives a clear summary of the numbers and the market reaction.
Is National Grid a Good Investment? Risks to Weigh Up
National Grid has a lot going for it: a near-monopoly network, regulated earnings, a growing dividend linked to inflation, and a £70 billion investment programme that should grow its asset base for years. The half-year results backed that story up, with earnings up 22% and guidance raised.
But no investment is without risk, and the national grid share price uk carries several that investors should understand:
- Interest rates. Utilities are sensitive to bond yields. If rates stay higher for longer, the dividend looks less attractive and the shares can drift lower, as they have at times over the past year.
- Regulation. Ofgem sets the returns National Grid can earn. A tougher price control, or political pressure on energy bills, could squeeze future earnings.
- Debt. Building networks is capital-intensive, and National Grid carries substantial debt. Higher borrowing costs eat into profits and can limit how much the company can invest.
- Execution risk. Delivering £70 billion of investment on time and on budget is a huge task. Delays, cost overruns or supply-chain problems could slow the growth story.
- US exposure. The American utilities face their own regulators and weather risks, and a weak dollar against the pound would reduce the value of those earnings when converted back to sterling.
Please note: this article is not financial advice. It is a news and information article about the national grid share price uk, written for readers who want to follow the stock. It is not a recommendation to buy or sell National Grid shares, and it is not personalised investment advice. Share prices can fall as well as rise, and you may get back less than you invest. If you are unsure whether an investment is right for you, speak to an independent financial adviser authorised and regulated by the Financial Conduct Authority.
What is the National Grid share price today?
The national grid share price uk was 1,249.5p at the close on Friday 7 November 2026, down 36p (2.8%) from the previous close of 1,285.5p. The shares traded between 1,234p and 1,281p during the session. Prices move every trading day, so check the London Stock Exchange for the latest quote.
What is National Grid’s ticker symbol on the London Stock Exchange?
National Grid plc trades on the London Stock Exchange under the ticker NG. (sometimes shown as NG.L). Its ISIN is GB00BDR05C01 and it is a constituent of the FTSE 100 index.
When is National Grid’s next dividend paid?
The interim dividend of 16.97p per share goes ex-dividend on 19 November 2026, with a record date of 20 November 2026 and a payment date of 12 January 2027. The dividend is up 3.8% from 16.35p a year earlier and is linked to UK CPIH inflation.
What were National Grid’s half-year results for 2026?
For the six months to 30 September 2026, reported on 5 November 2026, revenue rose 15% to £8.12 billion, underlying operating profit rose 13% to £2.591 billion, and underlying earnings per share rose 22% to 36.5p. Capital investment jumped 32% to £6.71 billion, and full-year underlying EPS growth guidance was raised to 15% to 16%.
What is National Grid’s dividend yield?
Based on the total dividend of 48.49p paid for the 2025/26 financial year and the share price of 1,249.5p at the close on Friday 7 November 2026, the dividend yield is about 3.9%. The board aims to grow the dividend in line with UK CPIH inflation through 2031.
Is National Grid a good investment?
National Grid offers regulated earnings, an inflation-linked dividend and a £70 billion investment programme, but the shares are sensitive to interest rates, Ofgem regulation and the cost of delivering that investment. This article is not financial advice, and anyone unsure should speak to an independent financial adviser before investing.
The national grid share price uk closed at 1,249.5p on Friday 7 November 2026 — down 36p on the day, but still up about 9.5% since the start of the year. The half-year results told a strong story of rising earnings, record investment and a growing dividend, and the shares look well placed for investors who value steady, inflation-linked income.
The dates to watch now are 19 November 2026, when the shares go ex-dividend for the 16.97p interim payment, and the next trading updates as the £70 billion investment programme gathers pace. Keep an eye on the London Stock Exchange quote page for the latest price, and check back here for the newest news on National Grid and the other big FTSE 100 names.
What do you think of National Grid shares at 1,249.5p — a buying opportunity after Friday’s dip, or a stock to watch from the sidelines? Share your view in the comments below, and bookmark this page for the latest national grid share price uk updates.
