In the utility space, National Grid offers an incredible amount of diversification. But right now that could be a bad thing.
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News & Analysis: National Grid
Looking for dividend stocks? These mainly electric, gas, and water utility stocks are yielding 1.6% to 5.1%.
This high-yielding U.K.-based utility is making big moves to diversify its businesses and grow its profits, but it has hit a snag.
Northeast utilities are increasingly relying on natural gas, which is in short supply. And that's likely to be good for their businesses.
NGG earnings call for the period ending September 30, 2019.
The utility's stock yields a tempting 5.9% and its U.S. and U.K. operations give it geographic diversity that would usually be desirable. Just maybe not right now.
With the Labour Party proposing the nationalization of electricity and gas infrastructure, U.K. politics could pose a threat to National Grid's operations.
NGG earnings call for the period ending March 31, 2019.
National Grid faces several challenges in its near future, but Brexit may not be the biggest source of uncertainty.
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