Public Employees Retirement System of Ohio bought a new position in NRG Energy, Inc. (NYSE:NRG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 115,347 shares of the utilities provider’s stock, valued at approximately $16,848,000. Public Employees Retirement System of Ohio owned about 0.05% of NRG Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the company. Reaves W H & Co. Inc. lifted its stake in NRG Energy by 93.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 571,628 shares of the utilities provider’s stock worth $91,026,000 after purchasing an additional 276,157 shares during the last quarter. Hiddenite Capital Partners LP grew its stake in NRG Energy by 28.6% during the 4th quarter. Hiddenite Capital Partners LP now owns 90,000 shares of the utilities provider’s stock valued at $14,332,000 after purchasing an additional 20,000 shares during the last quarter. BNP Paribas Financial Markets boosted its position in NRG Energy by 83.8% in the fourth quarter. BNP Paribas Financial Markets now owns 568,464 shares of the utilities provider’s stock valued at $90,522,000 after buying an additional 259,113 shares during the last quarter. Foster & Motley Inc. purchased a new position in NRG Energy during the 2nd quarter worth approximately $2,014,000. Finally, TimesSquare Capital Management LLC lifted its position in NRG Energy by 10.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 523,205 shares of the utilities provider’s stock valued at $83,315,000 after purchasing an additional 51,360 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.
Insider Buying and Selling
In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.
NRG Energy Stock Down 2.9%
NRG Energy (NYSE:NRG – Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The business had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the business earned $1.73 EPS. NRG Energy’s revenue was up 11.0% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts anticipate that NRG Energy, Inc. will post 8.6 EPS for the current year.
NRG Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 3rd. NRG Energy’s payout ratio is 50.26%.
Analyst Ratings Changes
Several equities analysts recently weighed in on NRG shares. Wells Fargo & Company lifted their price target on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays increased their target price on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Morgan Stanley reduced their price objective on shares of NRG Energy from $165.00 to $162.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. UBS Group cut their target price on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Finally, Evercore reiterated an “outperform” rating and set a $195.00 price objective on shares of NRG Energy in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $198.43.
Read Our Latest Stock Report on NRG
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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