Has anyone else been following NG’s (National Grid) share price lately? I’m pretty new to investing and just started looking at utility stocks for the “safe and steady” part of my portfolio. But I’m surprised by how much the share price dropped recently! It seems like utilities are supposed to be less volatile?
Is this just market jitters, interest rate worries, or does NG have some specific issue? Do you think it looks like a bargain now or is there something risky about it I’m missing? Would love to hear from anyone who’s owned this stock for a while or has thoughts on utilities in general!
