DUK - National Grid: 5.8% Yield - Cheap Valuation - Reasonable Growth
Summary
National Grid plc (NYSE:NGG, LON: NG) is the United Kingdom's largest electricity and natural gas utility. The company is currently offering a well-covered 5.8% dividend yield, backed by a strong balance sheet, great coverage, and reliable revenues and cash flow. NGG is, on paper, massively undervalued, but political and regulatory uncertainty is high. Corbyn, the UK Labour Party leader, has vowed to nationalize the country's grid, and he could very well win the next election. Details are sparse and investors are assuming the worst. I'm more optimistic. Outright nationalization is looking extremely