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NGG - National Grid: A Strong 5% Yield But Uncertainty Surrounding Growth
National Grid Transco PLC PLC American Depositary Shares
National Grid (NGG), the UK multinational electricity and gas utility company which also has operations in Northeast United States, has seen its share price drop 10% in recent weeks as uncertainty remains regarding the company's profitability and growth going forward. I remain bullish on the robust nature of the 5% yield that the company offers in that I expect them to continue paying to going forward. However, I am concerned about recent Ofgem developments and how these will affect National Grids numbers going forward. The crisis also will affect the company's full year 2021 results.