Ferguson Wellman Capital Management Inc. lifted its position in NRG Energy, Inc. (NYSE:NRG – Free Report) by 2.2% in the 1st quarter, Holdings Channel reports. The fund owned 169,862 shares of the utilities provider’s stock after acquiring an additional 3,729 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in NRG Energy were worth $24,824,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in NRG Energy by 2.2% during the 4th quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock valued at $1,730,685,000 after purchasing an additional 234,666 shares during the last quarter. Victory Capital Management Inc. boosted its position in NRG Energy by 178.1% in the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares during the last quarter. Geode Capital Management LLC increased its position in shares of NRG Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock valued at $910,324,000 after purchasing an additional 82,162 shares during the last quarter. Invesco Ltd. grew its position in NRG Energy by 0.6% during the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after buying an additional 31,238 shares during the period. Finally, Capital World Investors bought a new stake in shares of NRG Energy during the 4th quarter valued at $305,817,000. 97.72% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NRG has been the topic of a number of recent analyst reports. Williams Trading set a $184.00 target price on shares of NRG Energy in a research note on Monday, July 6th. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research note on Wednesday, June 24th. Barclays reduced their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. BNP Paribas Exane assumed coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price on the stock. Finally, Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and an average target price of $197.80.
Insider Activity at NRG Energy
In related news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the completion of the sale, the vice president directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Stock Performance
Shares of NYSE:NRG traded up $0.12 on Friday, hitting $140.60. 1,085,666 shares of the company were exchanged, compared to its average volume of 2,605,118. The firm has a market capitalization of $29.66 billion, a P/E ratio of 165.41 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. NRG Energy, Inc. has a 1-year low of $120.11 and a 1-year high of $189.96. The stock’s 50 day moving average price is $136.64 and its 200 day moving average price is $150.46.
NRG Energy (NYSE:NRG – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts predict that NRG Energy, Inc. will post 8.89 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. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a yield of 1.4%. 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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