Naturgy is back in the MSCI indexes, thus fulfilling one of the main commitments established in its 2025-2027 Strategic Plan in record time, all while maintaining the value of shares. This important achievement positions Naturgy as a company with high liquidity that is a more attractive option for institutional investors.
The return to these indexes comes after the company managed to increase its free float and the liquidity of shares after successfully placing on the market the securities acquired in the takeover bid for its own shares. Following this operation, Naturgy has managed to raise its free float to over 18%.
MSCI indexes are widely recognised and used by institutional investors, fund managers and analysts as benchmarks for investment funds and ETFs. For example, the MSCI Europe index represents the performance of the European market through more than 400 large- and mid-cap companies in 15 developed countries, covering approximately 85% of the total market capitalisation. Thanks to Naturgy’s return to the MSCI indexes, more capital will enter the company from investment funds that replicate these indexes.
The increase in liquidity and trading volumes of Naturgy shares also favours greater coverage by analysts and sector specialists, as well as interest from the investment community, which should help the market value better reflect the company’s fundamental value.
In the same vein, the company has decided to return to publishing its results on a quarterly basis and recently presented a record profit of 1.668 billion euros for the first nine months of 2025. The group’s strong performance in recent years has played a key role in the current share price, which is well above the levels at which it was trading when it was excluded from the MSCI indexes.
According to Steven Fernández, Naturgy’s Managing Director of Financial Markets and Corporate Development, “our return to the MSCI indexes is great news for Naturgy and all its shareholders, reflecting the company’s commitment in the 2025-2027 Strategic Plan to increase free float and liquidity. This will attract capital from investment funds that replicate these indexes”.