NRG Energy Inc
NRG Energy Inc (NRG) is listed on NYSE and classified in Utilities - Independent Power Producers, part of the Utilities sector. It is headquartered in Houston, United States and has 16,702 employees. The company is worth $19.84B and trades at 24.7x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $30.71B in fiscal 2025, up 9.2% from the year before. Net income was $864M. The share price is 50.3% below its 52-week high of $189.96. It pays a dividend yielding 2.01%, and has raised its annual dividend for 6 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $621.88M. In that quarter, 6 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +188.0% over 5Y.
today you would have $2,942.47▲ +194.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $159.24 | $90.22 | $51.70 | $31.82 | $43.08 | $37.55 | $39.75 | $39.60 | $28.48 | $12.26 | $11.77 | $26.95 | $28.72 | $22.99 | $18.12 | $19.54 | $23.61 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 14.1% a year plus a 2.0% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 18.1 across this company’s own years on record.
Cash flow growing 14.1% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 8.0% a year against a 9.8% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| EVRGEvergy, Inc. | $84.95 | 21.1x | 1.9x | 3.27% | 9.25% | $19.59B |
| NINisource Inc | $43.69 | 23.2x | 2.2x | 2.75% | 8.55% | $20.95B |
| LNTAlliant Energy Corp | $70.30 | 22.2x | 2.4x | 3.04% | 11.13% | $18.23B |
| CMSCMS Energy Corp | $70.30 |
| $23.33 |
| $43.34 |
| P/E | 18.1x | 39.7x | 18.1x | — | 6.2x | 4.8x | 18.1x | 2.4x | 45.5x | — | — | — | 117.2x | — | 18.8x | 23.2x | 10.6x | 6.9x | 5.3x | 22.1x |
| P/S | 0.7x | 1.1x | 0.6x | 0.4x | 0.2x | 0.4x | 1.0x | 1.0x | 1.2x | 1.0x | 0.4x | 0.3x | 0.6x | 0.8x | 0.9x | 0.5x | 0.5x | 0.7x | 0.8x | 2.1x |
| P/B | 1.4x | 20.3x | 7.2x | 3.7x | 1.9x | 2.9x | 5.5x | 5.9x | — | 4.6x | 0.9x | 0.7x | 0.8x | 0.9x | 0.7x | 0.5x | 0.6x | 0.8x | 0.8x | 2.3x |
| EPS | $4.01 | $4.99 | -$1.12 | $5.17 | $8.93 | $2.07 | $16.81 | $0.87 | -$6.79 | -$2.22 | -$19.46 | $0.23 | -$1.22 | $1.22 | $0.78 | $1.84 | $3.44 | $4.43 | $1.96 |
| Dividend yield | 1.86% | 1.11% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% | 2.00% | 1.57% | 0.78% | — | — | — | — | — |
| Payout | 27.08% | 43.89% | 32.71% | — | 27.08% | 14.56% | 57.97% | 0.71% | 13.79% | — | — | — | 234.78% | — | 14.75% | — | — | — | — | — |
| Profit margin | 3.50% | 2.81% | 4.00% | -0.70% | 3.87% | 8.10% | 5.61% | 45.19% | 2.83% | -23.73% | -8.68% | -51.77% | 0.84% | -3.42% | 3.50% | 2.17% | 5.39% | 10.52% | 17.79% | 9.57% |
| ROE | 8.15% | 51.40% | 45.40% | -6.95% | 31.90% | 60.75% | 30.36% | 267.67% | — | -109.40% | -17.41% | -117.45% | 1.15% | -3.69% | 2.87% | 2.57% | 5.91% | 12.24% | 17.20% | 10.38% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-1.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 20.4x |
| 2.3x |
| 3.24% |
| 9.16% |
| $22.04B |
| SBSCompanhia de Saneamento Basico Do Estado de Sao Paulo-sabesp | $6.27 | 14.3x | 2.5x | 0.48% | 18.79% | $22.05B |
| EIXEdison International | $57.90 | 6.0x | 1.3x | 6.06% | 19.73% | $22.28B |