Rockefeller Capital Management L.P. increased its position in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,626 shares of the utilities provider’s stock after purchasing an additional 4,988 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in NRG Energy were worth $22,234,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Motiv8 Investments LLC bought a new stake in shares of NRG Energy in the 4th quarter worth approximately $27,000. MV Capital Management Inc. acquired a new stake in NRG Energy in the fourth quarter worth about $27,000. Core Wealth Advisors LLC acquired a new stake in shares of NRG Energy in the 4th quarter worth approximately $28,000. EMC Capital Management acquired a new stake in NRG Energy in the fourth quarter worth approximately $30,000. Finally, SHP Wealth Management acquired a new stake in shares of NRG Energy in the fourth quarter valued at $32,000. Institutional investors own 97.72% of the company’s stock.
Insiders Place Their Bets
In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the completion of the transaction, the vice president directly owned 45,111 shares in the company, valued at $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on NRG Energy
NRG Energy Stock Up 2.8%
NRG stock opened at $138.85 on Tuesday. NRG Energy, Inc. has a twelve month low of $120.11 and a twelve month high of $189.96. The company has a market cap of $29.30 billion, a PE ratio of 163.35 and a beta of 1.25. The business’s 50-day simple moving average is $141.92 and its 200 day simple moving average is $152.42. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.
NRG Energy (NYSE:NRG – Get Free Report) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, research analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current year.
NRG Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio is currently 223.53%.
NRG Energy Profile
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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