National Grid Transco National Grid (NEW) (NGG) vs TC Energy (TRP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
TC Energy (TRP) has outperformed National Grid Transco National Grid (NEW) (NGG) over the past year, gaining 10.7% versus a gain of 4.8%. Over five years, NGG leads with a +25.2% price change compared with +11.7% for TRP. National Grid Transco National Grid (NEW) is the larger company by market cap ($77.52 billion vs $62.49 billion), about 1.2 times the size.
On valuation, National Grid Transco National Grid (NEW) trades at a lower forward P/E (11.7x vs 21.8x for TC Energy). TC Energy offers the higher dividend yield (5.76% vs 0.63%).
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 | TRP |
|---|---|---|
| Share price | $77.11 | $59.98 |
| Market cap | $77.52B | $62.49B |
| 1-day change | +1.31% | +1.76% |
| YTD return | -0.31% | +9.03% |
| 1-year return | +4.75% | +10.66% |
| 5-year return | +25.16% | +11.74% |
| P/E ratio (TTM) | 17.56 | 23.61 |
| Forward P/E | 11.69 | 21.82 |
| EPS (TTM) | $4.39 | $2.54 |
| Dividend yield | 0.63% | 5.76% |
| Annual dividend | $0.485 | $3.46 |
| 52-week high | $94.64 | $71.47 |
| 52-week low | $73.28 | $49.27 |
| Distance from 52-week high | -18.52% | -16.08% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.26% | +11.09% |
| Average volume | 834.94K | 2.68M |
| Shares outstanding | 1.01B | 1.04B |
| Employees | 33,026 | 6,574 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
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
- TC Energy trades at a higher earnings multiple (23.6x vs 17.6x trailing P/E).
- TC Energy offers a meaningfully higher dividend yield (5.76% vs 0.63%).
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 TC Energy
TRP stock →TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S.
Utilities · Natural Gas Distribution · 6,574 employees
NGG vs TRP FAQ
Which is bigger, National Grid Transco National Grid (NEW) or TC Energy?
National Grid Transco National Grid (NEW) (NGG) is larger, with a market capitalization of $77.52B compared with $62.49B for TC Energy (TRP).
Which stock has performed better over the past year, NGG or TRP?
TRP returned +10.66% over the past 12 months, compared with +4.75% for NGG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NGG or TRP?
NGG has the lower trailing P/E at 17.6, versus 23.6 for TRP. 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 TC Energy?
TC Energy has the higher yield at 5.76%, compared with 0.63% for National Grid Transco National Grid (NEW).
Are National Grid Transco National Grid (NEW) and TC Energy in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.