Landscape Capital Management L.L.C. Buys New Stake in NRG Energy, Inc. $NRG

Landscape Capital Management L.L.C. bought a new stake in NRG Energy, Inc. (NYSE:NRGFree Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 16,860 shares of the utilities provider’s stock, valued at approximately $2,685,000.

A number of other hedge funds have also recently modified their holdings of the stock. Catalyst Financial Partners LLC grew its position in shares of NRG Energy by 5.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock valued at $228,000 after buying an additional 67 shares during the last quarter. McIlrath & Eck LLC grew its position in shares of NRG Energy by 3.0% in the 4th quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock valued at $376,000 after buying an additional 68 shares during the last quarter. Independence Bank of Kentucky grew its position in shares of NRG Energy by 4.1% in the 4th quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after buying an additional 70 shares during the last quarter. Childress Capital Advisors LLC grew its position in shares of NRG Energy by 4.0% in the 4th quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after buying an additional 72 shares during the last quarter. Finally, WT Wealth Management grew its position in shares of NRG Energy by 5.4% in the 4th quarter. WT Wealth Management now owns 1,435 shares of the utilities provider’s stock valued at $229,000 after buying an additional 74 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Up 0.1%

Shares of NYSE:NRG opened at $125.57 on Monday. The company has a market cap of $26.49 billion, a price-to-earnings ratio of 147.73 and a beta of 1.25. The firm’s 50-day simple moving average is $144.45 and its 200-day simple moving average is $153.80. 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, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96.

NRG Energy (NYSE:NRGGet Free Report) last issued 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). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the previous year, the firm earned $2.68 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities research analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.475 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. NRG Energy’s dividend payout ratio (DPR) is 223.53%.

Analyst Ratings Changes

Several brokerages have issued reports on NRG. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research report on Monday, April 27th. Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Wednesday, March 18th. BNP Paribas Exane began coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective on the stock. Finally, Zacks Research raised shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.69.

Read Our Latest Research Report on NRG

About NRG Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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