"National Grid (NGG) is Britain's largest utility, and is also a major player in the Northeast U.S. as the result of its 2007 acquisition of Keyspan," says Gerald Appel, an advisor and technician who is best known for developing the well-known MACD indicator.
The editor of Systems & Forecasts explains, "Much of its business is in regulated markets, offering stability in sales and profits. The company more than earns its current dividend, and is expected to continue to do so.
"National Grid issued new shares this year to fund capital expenditures. This diluted future earnings, and contributed to this year's 26% sell-off in the stock.
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