Evolve Private Wealth LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,852 shares of the utilities provider’s stock, valued at approximately $3,480,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new position in NRG Energy during the fourth quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new stake in NRG Energy in the 4th quarter valued at about $28,000. Creative Financial Designs Inc. ADV boosted its position in shares of NRG Energy by 321.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 240 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 183 shares in the last quarter. BOKF NA grew its stake in shares of NRG Energy by 3,714.3% in the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, DV Equities LLC bought a new stake in shares of NRG Energy in the 4th quarter worth approximately $43,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Barclays cut their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Evercore assumed coverage on NRG Energy in a research report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, March 6th. They issued a “buy” rating and a $197.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.69.
NRG Energy Trading Up 0.0%
NRG Energy stock opened at $132.16 on Thursday. The company has a 50 day moving average price of $143.24 and a 200 day moving average price of $153.05. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market capitalization of $27.89 billion, a price-to-earnings ratio of 155.49 and a beta of 1.24.
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 (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.30). The firm had revenue of $10.26 billion for 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%. NRG Energy’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts forecast that NRG Energy, Inc. will post 8.98 EPS for the current year.
NRG Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s payout ratio is 223.53%.
Insiders Place Their Bets
In other news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was 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 in the company, valued at $5,752,554.72. This represents a 30.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.
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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