5 Most Undervalued Utility Stocks To Buy According To Hedge Funds

1. National Grid plc (NYSE:NGG)

PE Ratio as of January 26: 12.14

National Grid plc (NYSE:NGG) is a British multinational electricity and gas utility company headquartered in London, England. National Grid plc (NYSE:NGG) has a PE ratio of 12.11 as of January 26. National Grid plc (NYSE:NGG) has a dividend yield of over 4%. A total of 14 hedge funds tracked by Insider Monkey have stakes in National Grid plc (NYSE:NGG).

Here is what ClearBridge Investments has to say about National Grid plc (NYSE:NGG) in its Q2 2021 investor letter:

“In Western Europe, U.K. electric utility National Grid contributed the most. National Grid is one of the world’s largest publicly owned utilities, focused on transmission and distribution activities in electricity and gas. It owns and operates regulated electricity and gas network assets in both the U.K. and the U.S., which contribute about 95% of its earnings and equity value. National Grid’s share price increased during the quarter following the announcement of its agreement to acquire WPD, a group of U.K. electricity distribution businesses, and sell part of its U.S. assets. It also announced its intention to dispose of a majority stake in its U.K. gas transmission business.”

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