Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in NRG Energy, Inc. (NYSE:NRG – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 21,548 shares of the utilities provider’s stock, valued at approximately $3,149,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of NRG Energy by 178.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after acquiring an additional 4,916,653 shares during the period. Capital World Investors acquired a new position in shares of NRG Energy during the fourth quarter worth about $305,817,000. Boston Partners raised its holdings in NRG Energy by 124.1% during the fourth quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after purchasing an additional 1,001,672 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in NRG Energy by 492.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after acquiring an additional 734,624 shares in the last quarter. Finally, Consolidated Press International Holdings Ltd. acquired a new stake in NRG Energy in the third quarter valued at $98,360,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on NRG shares. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 target price on the stock. BNP Paribas Exane assumed coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a report on Monday, April 27th. Weiss Ratings lowered shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Morgan Stanley set a $165.00 target price on shares of NRG Energy in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and an average price target of $199.92.
NRG Energy Stock Performance
Shares of NRG opened at $136.55 on Friday. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The stock has a market cap of $28.81 billion, a P/E ratio of 160.65 and a beta of 1.21. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The company has a 50-day moving average of $138.26 and a two-hundred day moving average of $151.04.
NRG Energy (NYSE:NRG – Get Free Report) last released its quarterly 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). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same period in the prior year, the business earned $2.68 earnings per share. NRG Energy’s revenue for the quarter 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, research analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current fiscal year.
NRG Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy’s payout ratio is presently 223.53%.
Insider Buying and Selling
In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction 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 trade represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.
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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