Global Retirement Partners LLC grew its position in NRG Energy, Inc. (NYSE:NRG – Free Report) by 246.2% during the fourth quarter, Holdings Channel reports. The firm owned 9,362 shares of the utilities provider’s stock after acquiring an additional 6,658 shares during the period. Global Retirement Partners LLC’s holdings in NRG Energy were worth $1,491,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of NRG. Reaves W H & Co. Inc. grew its holdings in NRG Energy by 122.8% during the third quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider’s stock worth $47,852,000 after acquiring an additional 162,874 shares during the period. MidWestOne Financial Group Inc. grew its holdings in NRG Energy by 58.1% during the third quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock worth $3,238,000 after acquiring an additional 7,344 shares during the period. Border to Coast Pensions Partnership Ltd acquired a new stake in NRG Energy during the third quarter worth about $27,003,000. Korea Investment CORP grew its holdings in NRG Energy by 13.4% during the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock worth $44,865,000 after acquiring an additional 32,672 shares during the period. Finally, Schroder Investment Management Group grew its holdings in NRG Energy by 7.6% during the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock worth $198,442,000 after acquiring an additional 86,528 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on NRG shares. Barclays dropped their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Wednesday, March 18th. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings downgraded NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $162.00 target price on NRG Energy in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $199.69.
Insider Buying and Selling at NRG Energy
In other news, VP Virginia Kinney sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is currently owned by company insiders.
NRG Energy Trading Up 0.1%
Shares of NRG stock opened at $137.80 on Monday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market cap of $29.07 billion, a price-to-earnings ratio of 162.12 and a beta of 1.32. The stock has a 50 day simple moving average of $150.22 and a 200-day simple moving average of $157.48. NRG Energy, Inc. has a 1-year low of $121.22 and a 1-year high of $189.96.
NRG Energy (NYSE:NRG – Get Free Report) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.30). The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts expect that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.
NRG Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given 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 (DPR) is 223.53%.
About NRG Energy
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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