NRG Energy, Inc. $NRG Shares Bought by Aberdeen Group plc

Aberdeen Group plc increased its position in NRG Energy, Inc. (NYSE:NRG) by 790.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,140,125 shares of the utilities provider’s stock after buying an additional 1,012,044 shares during the period. Aberdeen Group plc’s holdings in NRG Energy were worth $109,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Altus USA Inc. acquired a new position in shares of NRG Energy during the second quarter worth approximately $33,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of NRG Energy in the first quarter valued at approximately $33,000. CoreCap Advisors LLC grew its stake in shares of NRG Energy by 83.8% in the second quarter. CoreCap Advisors LLC now owns 250 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 114 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of NRG Energy in the third quarter worth $27,000. Finally, Salomon & Ludwin LLC grew its stake in shares of NRG Energy by 69.6% in the third quarter. Salomon & Ludwin LLC now owns 290 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 119 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NRG stock traded down $1.01 during midday trading on Friday, hitting $97.04. The stock had a trading volume of 1,460,028 shares, compared to its average volume of 4,129,640. NRG Energy, Inc. has a 52 week low of $79.65 and a 52 week high of $189.96. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 4.73. The stock has a 50-day simple moving average of $100.67 and a 200 day simple moving average of $132.36. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 17.08 and a beta of 1.22.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Monday, November 9th. The utilities provider reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $1.33. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $8.42 billion. NRG Energy had a net margin of 3.60% and a return on equity of 53.20%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.78 earnings per share. 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. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 8.88 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.4750 per share. This represents a $1.90 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 2nd. NRG Energy’s dividend payout ratio is 33.45%.

Analysts Set New Price Targets

Several research firms recently commented on NRG. Morgan Stanley cut their target price on shares of NRG Energy from $159.00 to $144.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 21st. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. Scotiabank dropped their price objective on shares of NRG Energy from $162.00 to $149.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 28th. BNP Paribas Exane set a $221.00 price objective on shares of NRG Energy in a research report on Wednesday, August 19th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $214.00 price objective on shares of NRG Energy in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $173.44.

Insider Buying and Selling at NRG Energy

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total value of $191,069.40. Following the completion of the transaction, the chief accounting officer owned 6,213 shares in the company, valued at $751,338.09. The trade was a 20.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 corporate insiders.

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.