National Grid Transco National Grid (NEW) (NGG) vs Targa Resources (TRGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Targa Resources (TRGP) has outperformed National Grid Transco National Grid (NEW) (NGG) over the past year, gaining 70.6% versus a gain of 3.0%. Over five years, TRGP leads with a +409.7% price change compared with +23.5% for NGG. National Grid Transco National Grid (NEW) is the larger company by market cap ($76.52 billion vs $60.89 billion), about 1.3 times the size.
On valuation, National Grid Transco National Grid (NEW) trades at a lower forward P/E (11.5x vs 23.6x for Targa Resources). Targa Resources offers the higher dividend yield (1.58% vs 0.64%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NGG | TRGP |
|---|---|---|
| Share price | $76.11 | $283.96 |
| Market cap | $76.52B | $60.89B |
| 1-day change | -0.96% | -0.62% |
| YTD return | -1.60% | +53.91% |
| 1-year return | +3.02% | +70.61% |
| 5-year return | +23.54% | +409.71% |
| P/E ratio (TTM) | 17.34 | 27.30 |
| Forward P/E | 11.54 | 23.58 |
| EPS (TTM) | $4.39 | $10.40 |
| Dividend yield | 0.64% | 1.58% |
| Annual dividend | $0.485 | $4.50 |
| Revenue (latest FY) | — | $17.03B |
| Revenue growth (YoY) | — | +3.95% |
| Net income (latest FY) | — | $1.92B |
| Gross margin | — | 38.29% |
| Operating margin | — | 19.56% |
| Net margin | — | 11.29% |
| 52-week high | $94.64 | $307.94 |
| 52-week low | $73.24 | $144.14 |
| Distance from 52-week high | -19.58% | -7.79% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +19.81% | +14.62% |
| Average volume | 831.37K | 1.19M |
| Shares outstanding | 1.01B | 214.43M |
| Employees | 33,026 | 3,570 |
| Sector | Utilities | Energy |
| Industry | Natural Gas Distribution | Oil & Gas Midstream |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TRGP has outperformed NGG by 67.6 percentage points over the past year.
- Targa Resources trades at a higher earnings multiple (27.3x vs 17.3x trailing P/E).
- The two companies sit in different sectors: National Grid Transco National Grid (NEW) in Utilities and Targa Resources in Energy.
About National Grid Transco National Grid (NEW)
NGG stock →National Grid plc 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.
Utilities · Natural Gas Distribution · 33,026 employees
About Targa Resources
TRGP stock →Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
Energy · Oil & Gas Midstream · 3,570 employees
NGG vs TRGP FAQ
Which is bigger, National Grid Transco National Grid (NEW) or Targa Resources?
National Grid Transco National Grid (NEW) (NGG) is larger, with a market capitalization of $76.52B compared with $60.89B for Targa Resources (TRGP).
Which stock has performed better over the past year, NGG or TRGP?
TRGP returned +70.61% over the past 12 months, compared with +3.02% for NGG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NGG or TRGP?
NGG has the lower trailing P/E at 17.3, versus 27.3 for TRGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, National Grid Transco National Grid (NEW) or Targa Resources?
Targa Resources has the higher yield at 1.58%, compared with 0.64% for National Grid Transco National Grid (NEW).
Are National Grid Transco National Grid (NEW) and Targa Resources in the same industry?
No. National Grid Transco National Grid (NEW) is in the Utilities sector, while Targa Resources is in Energy.