5 Most Profitable Utility Stocks Now

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1. National Grid plc (NYSE:NGG)

Latest TTM Net Income: $9.77 billion

National Grid plc (NYSE:NGG) is a British electricity and gas distributor headquartered in London, the United Kingdom. The firm generated quite a bit of controversy in December 2023 when it was revealed that it was removing Chinese made components from its grid due to cyber threats.

Ten out of the 910 hedge funds surveyed by Insider Monkey during Q3 2023 had invested in the firm. National Grid plc (NYSE:NGG)’s largest hedge fund investor is Ken Fisher’s Renaissance Technologies since it owns 3.5 million shares that are worth $213 million.

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Disclosure: None. You can also take a look at 15 Undervalued S&P 500 Stocks Billionaires Are Loading Up On and 20 Most Expensive Gemstones in the World.

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