Oaktree Capital Management LP bought a new stake in NRG Energy, Inc. (NYSE:NRG – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,028 shares of the utilities provider’s stock, valued at approximately $7,165,000.
Other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in shares of NRG Energy in the 4th quarter valued at about $27,000. Motiv8 Investments LLC bought a new position in NRG Energy during the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC acquired a new position in NRG Energy during the fourth quarter valued at approximately $28,000. EMC Capital Management bought a new stake in NRG Energy in the fourth quarter valued at approximately $30,000. Finally, SHP Wealth Management acquired a new stake in NRG Energy in the fourth quarter worth $32,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other 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 value of $2,550,400.00. Following the completion of the transaction, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. This trade represents a 30.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.
NRG Energy Stock Down 2.8%
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 for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $2.68 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts expect that NRG Energy, Inc. will post 8.8 EPS for the current fiscal year.
NRG Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 3rd. NRG Energy’s payout ratio is presently 223.53%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on NRG. Williams Trading set a $184.00 price target on shares of NRG Energy in a research report on Monday, July 6th. Barclays raised their price objective on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group reduced their target price on NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings upgraded NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Finally, Wells Fargo & Company raised their price target on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.79.
Get Our Latest Stock Analysis on NRG
NRG Energy Company 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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