15 Utility Stocks with Highest Dividends

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6. National Grid plc (NYSE:NGG)

Dividend Yield as of April 7: 3.57%

Next on our list of Utility Stocks with the Highest Dividends is National Grid plc (NYSE:NGG). The company engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and other segments.

National Grid plc (NYSE:NGG) received a boost on April 2 when JPMorgan analyst Pavan Mahbubani bumped the firm’s price target on the stock from £1,250 to £1,450, while maintaining an ‘Overweight’ rating on the shares. The revised target indicates an upside potential of almost 10% from the current share price.

National Grid plc (NYSE:NGG) is targeting a strong operational performance across the group in its full-year 2026, with underlying EPS forecasted to be in line with the 6-8% CAGR range from the 2024/25 baseline of 73.3p. Meanwhile, the overall group capital investment for continuing operations is expected to be over £11 billion in the current year.

That said, the analysts over at Jefferies turned bearish on the stock last month, downgrading it from ‘Buy’ to ‘Hold’ (read the details here).

While we acknowledge the potential of NGG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NGG and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Utility Stocks with Highest Dividends.

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