11 Top Performing European Stocks So Far In 2025

8. National Grid plc (NYSE:NGG)

Number of Hedge Fund Holders: 17

YTD Share Price Performance as of April 11: 14.31%

National Grid plc (NYSE:NGG) is a London-based company involved in electricity and gas transmission and distribution in the United States and the United Kingdom. The company develops energy interconnectors, LNG imports, and renewables through its National Grid Ventures arm. It has additional property and insurance operations in the UK as well. National Grid plc (NYSE:NGG) is one of the best performing stocks in Europe so far this year, with the shares up 14.3% year-to-date as of April 11.

On March 17, Bernstein analyst Deepa Venkateswaran upgraded National Grid plc (NYSE:NGG) to Outperform with a price target of £11.20, up from £10.40. The analyst noted the stock’s undervaluation compared to its US and European counterparts, as well as strong growth potential and returns in both its US and UK operations.

National Grid plc (NYSE:NGG) submitted plans for the Sea Link project on March 28, which is a 138 km mostly offshore electricity connection between Kent and Suffolk. As part of The Great Grid Upgrade, it aims to strengthen energy security and provide more clean power as demand increases. After several rounds of public consultation since 2022, National Grid says community feedback helped shape the final plans. The proposal will now go through the Nationally Significant Infrastructure Project (NSIP) process, with more chances for public input during the next phase.

Among the hedge funds tracked by Insider Monkey, 17 funds reported owning stakes in National Grid plc (NYSE:NGG) at the end of Q4 2024, compared to 19 funds in the earlier quarter. Jim Simons’ Renaissance Technologies was the biggest stakeholder of the company, with 3.1 million shares worth $185.2 million.