Aberdeen Group plc Grows Stake in NRG Energy, Inc. $NRG

Key Points

• Aberdeen Group plc increased its stake in NRG Energy by 2.0%, owning 170,840 shares worth approximately $27.4 million as of its latest filing.
• Institutional investors control 97.72% of NRG Energy's stock, highlighting significant institutional interest, with firms like Goldman Sachs and Amundi making substantial increases in their positions.
• NRG Energy reported $1.68 EPS in its last quarter, falling short of analysts' expectations, although it achieved a year-over-year revenue growth of 1.2%.

Aberdeen Group plc raised its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,840 shares of the utilities provider's stock after acquiring an additional 3,311 shares during the quarter. Aberdeen Group plc owned approximately 0.09% of NRG Energy worth $27,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in shares of NRG Energy by 468.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock valued at $454,173,000 after purchasing an additional 6,049,247 shares during the period. Amundi raised its position in shares of NRG Energy by 772.5% in the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock valued at $406,342,000 after purchasing an additional 3,876,235 shares during the period. Boston Partners raised its position in shares of NRG Energy by 169.5% in the first quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock valued at $269,230,000 after purchasing an additional 1,771,829 shares during the period. Appaloosa LP raised its position in shares of NRG Energy by 12.9% in the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock valued at $195,693,000 after purchasing an additional 235,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of NRG Energy by 33.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock valued at $141,388,000 after purchasing an additional 372,618 shares during the period. Institutional investors own 97.72% of the company's stock.

Insider Buying and Selling

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is owned by corporate insiders.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $168.40 on Tuesday. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The stock has a market capitalization of $32.57 billion, a price-to-earnings ratio of 76.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The company has a fifty day moving average of $157.09 and a 200-day moving average of $144.19. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. During the same period last year, the company posted $3.37 EPS. NRG Energy's revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is currently 79.64%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NRG shares. Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NRG Energy in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Scotiabank began coverage on shares of NRG Energy in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 price objective for the company. Finally, Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $188.85.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.