NRG Energy, Inc. $NRG Position Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its NRG Energy stake by 790.2% in the third quarter, ending the period with 1.14 million shares valued at about $109 million. Institutional investors collectively own 97.72% of the company’s stock.
• NRG reported quarterly EPS of $4.68, above the $3.35 consensus, and revenue of $9.47 billion, up 24% year over year. The company declared a $0.475 quarterly dividend, equivalent to a 2.0% annual yield.
• NRG shares traded at $97.04 in Friday’s session. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $173.44.

Aberdeen Group plc lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 790.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,140,125 shares of the utilities provider's stock after acquiring an additional 1,012,044 shares during the period. Aberdeen Group plc owned 0.54% of NRG Energy worth $109,053,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NRG. Bank of New York Mellon Corp bought a new stake in NRG Energy during the 2nd quarter valued at $473,391,000. Bank of America Corp DE boosted its position in NRG Energy by 16.7% during the 1st quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider's stock worth $320,396,000 after acquiring an additional 313,410 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of NRG Energy by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider's stock worth $320,145,000 after purchasing an additional 21,666 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of NRG Energy by 3.6% in the third quarter. Pictet Asset Management Holding SA now owns 1,568,418 shares of the utilities provider's stock worth $150,052,000 after purchasing an additional 54,629 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of NRG Energy by 96.3% in the second quarter. Assenagon Asset Management S.A. now owns 967,264 shares of the utilities provider's stock worth $141,279,000 after purchasing an additional 474,474 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

NYSE:NRG traded down $1.01 during trading hours on Friday, reaching $97.04. 1,460,028 shares of the company's stock were exchanged, compared to its average volume of 4,129,640. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $20.38 billion, a P/E ratio of 17.08 and a beta of 1.22. NRG Energy, Inc. has a 12 month low of $79.65 and a 12 month high of $189.96. The business's 50-day simple moving average is $100.67 and its two-hundred day simple moving average is $132.36.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The utilities provider reported $4.68 EPS for the quarter, beating the consensus estimate of $3.35 by $1.33. NRG Energy had a net margin of 3.60% and a return on equity of 53.20%. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $8.42 billion. During the same quarter in the prior year, the firm earned $2.78 EPS. The firm's quarterly revenue was up 24.0% on a year-over-year basis. NRG Energy has set its FY 2027 guidance at 8.050-10.050 EPS and its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts expect that NRG Energy, Inc. will post 8.88 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a $0.4750 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 2.0%. NRG Energy's dividend payout ratio is presently 33.45%.

Insider Transactions at NRG Energy

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total transaction of $191,069.40. Following the completion of the sale, the chief accounting officer directly owned 6,213 shares in the company, valued at approximately $751,338.09. This trade represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NRG shares. Raymond James Financial set a $150.00 price objective on shares of NRG Energy and gave the stock a "strong-buy" rating in a report on Tuesday. Evercore reissued an "outperform" rating and set a $195.00 target price on shares of NRG Energy in a research note on Wednesday, August 5th. Wells Fargo & Company dropped their price target on shares of NRG Energy from $209.00 to $182.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 28th. Barclays reduced their price target on shares of NRG Energy from $204.00 to $163.00 and set an "overweight" rating for the company in a research note on Tuesday, October 27th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $214.00 price objective on shares of NRG Energy in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and a consensus target price of $173.44.

About NRG Energy

NRG Energy, Inc. is an integrated energy company that produces and sells electricity and natural gas and provides home services. Its businesses serve residential, commercial and industrial customers, primarily in the United States and Canada. The company supplies retail electricity and natural gas through a range of plans and brands, while its power-generation operations help support electricity markets across its service areas. NRG also offers energy-management programs and related services for businesses and other large customers.

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