Why UK's National Grid Shares Are Diving Today
Why UK's National Grid Shares Are Diving Today
Dividend: The company disclosed a final dividend of 39.12 pence, bringing the full-year dividend to 58.52 pence, up 5.55% and in line with policy.National Grid plc (NYSE:NGG) shares are trading lower after the company reported an equity raise of £7 billion and a year-over-year decrease in full-year revenue results.
國家電網公司（紐約證券交易所代碼：NGG）股價走低，此前該公司報告股權籌集了70億英鎊，全年收入業績同比下降。
In its 2023/24 full-year, adjusted EPS increased 32% year over year to £0.84, and gross revenue declined 8% year over year to £19.850 billion.
在2023/24全年中，調整後的每股收益同比增長32％，至0.84英鎊，總收入同比下降8％，至198.5億英鎊。
Underlying operating profit rose 4% Y/Y to £4.8 billion (+6% Y/Y at constant currency), aided by growth in revenues in UK Electricity Transmission through the RIIO-T2 price control, non-recurrence of Western Link liquidated damages, and higher rates in New York and New England.
基礎營業利潤同比增長4％，至48億英鎊（按固定貨幣計算同比增長6％），這得益於英國電力傳輸收入的增長（通過 RIIO-T2 價格控制）、Western Link的違約金不再發生以及紐約和新英格蘭的更高利率。
Dividend: The company disclosed a final dividend of 39.12 pence, bringing the full-year dividend to 58.52 pence, up 5.55% and in line with policy.
股息：該公司披露了39.12便士的末期股息，使全年股息達到58.52便士，增長5.55％，符合政策。
Outlook: For 2024/25, the company expects underlying EPS to be broadly in line with 2023/24 EPS once this has been adjusted by the number of bonus shares issued as part of the rights issue.
展望：對於2024/25年，該公司預計基礎每股收益將與2023/24年的每股收益基本持平，前提是根據作爲供股一部分發行的紅股數量進行了調整。
Investment: The company plans to invest £60 billion (around $75 billion) in the U.S. and U.K. over the next five years.
投資：該公司計劃在未來五年內在美國和英國投資600億英鎊（約合750億美元）。
In New York, National Grid is investing around $21 billion between now and 2029, per the company's statement.
根據該公司的聲明，從現在起到2029年，國家電網在紐約投資約210億美元。
The investment is expected to deliver annual group asset growth of around 10%, and 6%-8% underlying EPS CAGR from a 2024/25 baseline to 2028/29, assuming an exchange rate of £1:$1.25.
假設匯率爲1英鎊兌1.25美元，該投資預計將帶來約10％的集團資產年增長率，從2024/25年的基準到2028/29年的基礎每股收益複合年增長率爲6％-8％。
This is projected to be led by a comprehensive financing plan that includes a £7 billion equity raise.
預計這將由一項全面的融資計劃牽頭，其中包括70億英鎊的股權融資。
John Pettigrew, Chief Executive, said, "Alongside our new five-year financial framework, we are also today further evolving our strategy to focus on networks and will therefore be streamlining our business as we announce our intention to sell Grain LNG, our UK LNG asset, and National Grid Renewables, our US onshore renewables business."
首席執行官約翰·佩蒂格魯表示：“除了新的五年財務框架外，我們今天還在進一步發展我們的戰略，將重點放在網絡上，因此，我們宣佈打算出售穀物液化天然氣、英國液化天然氣資產和美國陸上可再生能源業務國家電網可再生能源，從而精簡我們的業務。”
Investors can gain exposure to the stock via Invesco International Dividend Achievers ETF (NASDAQ:PID) and Trust For Professional Managers ActivePassive International Equity ETF (NYSE:APIE).
投資者可以通過景順國際股息成就者ETF（納斯達克股票代碼：PID）和職業經理人信託ActivePassive國際股票ETF（紐約證券交易所代碼：APIE）獲得股票敞口。
Price Action: NGG shares are down 14.11% at $61.83 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，NGG股價下跌14.11％，至61.83美元。
Photo via Midjourney
照片來自 Midjourney
譯文內容由第三人軟體翻譯。
