National Grid Share Price (NG) - Buy NG Shares

National Grid (NG:LSE) is at the forefront of the electricity and gas infrastructures in both the United States and the United Kingdom. In the UK, National Grid plc delivers gas to over 11 million homes and businesses and in America, over 3.4 million customers in the New York, Rhode Island, Massachusetts and New Hampshire areas. In addition to owning and operating these energy networks, it also has interests in similar markets, such as metering services, liquified natural gas (LNG) works and property in the United Kingdom and additionally gas pipelines and domestic energy services in the US.

In recent years the company has sold its Basslink electricity interconnector in Australia and its UK and US wireless infrastructure operations, but acquired the KeySpan Corporation in 2007. Since 2006 its total assets have gone up by a third and it has maintained a fairly stable 52 week range but has still taken a knock from the recession with short term negative growth and a large decrease in shareholder return. Share prices have also fluctuated. However, over the long-term National Grid is expected to grow by 10% according to analysts. This is being prepared for by National Grid with their expansion into the KeySpan Corporation, the fact that the number of employees has doubled, and the large amount of money invested in future projects such as testing further environmentally friendly methods of energy distribution.