Assenagon Asset Management S.A. Has $141.28 Million Stake in NRG Energy, Inc. $NRG

Key Points

• Assenagon Asset Management nearly doubled its NRG Energy position in the second quarter, adding 474,474 shares to own 967,264 shares worth approximately $141.3 million, or 0.46% of the company.
• Institutional investors collectively own 97.72% of NRG’s outstanding shares, with State Street, Victory Capital, Geode, Invesco and Bank of America among the largest holders.
• NRG has a “Moderate Buy” consensus rating and an average price target of $199.43, but its latest quarterly EPS of $1.49 missed the $1.69 estimate despite revenue rising 11% year over year to $7.48 billion; the company also declared a quarterly dividend of $0.475 per share.

Assenagon Asset Management S.A. lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 96.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 967,264 shares of the utilities provider's stock after purchasing an additional 474,474 shares during the period. Assenagon Asset Management S.A. owned 0.46% of NRG Energy worth $141,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in NRG Energy by 2.2% in the 4th quarter. State Street Corp now owns 10,868,408 shares of the utilities provider's stock worth $1,730,685,000 after purchasing an additional 234,666 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of NRG Energy by 178.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider's stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NRG Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider's stock worth $910,324,000 after purchasing an additional 82,162 shares during the period. Invesco Ltd. raised its position in shares of NRG Energy by 0.6% in the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider's stock valued at $790,471,000 after buying an additional 31,238 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of NRG Energy by 16.7% in the first quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider's stock valued at $320,396,000 after buying an additional 313,410 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NRG has been the topic of a number of analyst reports. Raymond James Financial set a $210.00 price target on NRG Energy in a research report on Monday, April 27th. Evercore reaffirmed an "outperform" rating and issued a $195.00 price objective on shares of NRG Energy in a report on Wednesday. Williams Trading set a $184.00 target price on NRG Energy in a research report on Monday, July 6th. Siebert Williams Shank started coverage on NRG Energy in a report on Monday, July 6th. They set a "buy" rating and a $184.00 target price on the stock. Finally, UBS Group dropped their price target on NRG Energy from $221.00 to $216.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.43.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $119.05 on Friday. The company's 50 day simple moving average is $134.46 and its 200 day simple moving average is $147.26. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.78. NRG Energy, Inc. has a 1 year low of $112.50 and a 1 year high of $189.96. The stock has a market capitalization of $25.12 billion, a price-to-earnings ratio of 31.50 and a beta of 1.22.

NRG Energy (NYSE:NRG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The business had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period in the prior year, the business posted $1.73 EPS. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts predict that NRG Energy, Inc. will post 8.58 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 annualized dividend and a yield of 1.6%. NRG Energy's dividend payout ratio (DPR) is 50.26%.

More NRG Energy News

Here are the key news stories impacting NRG Energy this week:

• Positive Sentiment: NRG is pursuing a 1.2-gigawatt Texas data-center power project valued at approximately $3.2 billion. The project is designed around customer-backed demand and protected returns, potentially creating more predictable cash flows and supporting the company’s growth strategy. NRG Energy Q2 Earnings Call Focuses on Customer-Backed Power
• Positive Sentiment: A Seeking Alpha analysis upgraded NRG’s rating, citing the company’s aggressive gigawatt-scale expansion and exposure to rising electricity demand from data centers. NRG Energy: Aggressive GW Expansion
• Positive Sentiment: Scotiabank maintained a “sector outperform” rating despite lowering its price target from $226 to $211, implying substantial upside based on the cited current price. The target reduction nevertheless reflects more cautious near-term expectations.
• Neutral Sentiment: NRG’s “bring your own power” approach seeks to help large customers secure electricity directly, but the strategy depends on the company’s ability to obtain equipment, labor and infrastructure efficiently. The POWER Interview: NRG’s Case for Bring Your Own Power
• Negative Sentiment: Second-quarter adjusted EPS was $1.49, below the $1.69 analyst consensus and down from $1.73 a year earlier. Revenue reached $7.48 billion, exceeding estimates and rising 11% year over year, but the earnings shortfall drove investor disappointment.
• Negative Sentiment: Reports attributed the selloff to the earnings miss, with NRG falling to a new 12-month low and remaining close to its 52-week low. The reaction indicates that investors are currently prioritizing near-term earnings execution over the company’s longer-term data-center opportunity. Why Shares of NRG Energy Are Crashing This Week

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

About NRG Energy

NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

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