NRG Energy, Inc. $NRG Shares Acquired by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 93.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 571,628 shares of the utilities provider’s stock after acquiring an additional 276,157 shares during the period. NRG Energy accounts for about 1.6% of Reaves W H & Co. Inc.’s holdings, making the stock its 23rd biggest holding. Reaves W H & Co. Inc.’s holdings in NRG Energy were worth $91,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in NRG Energy by 1.5% in 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 in the last quarter. Invesco Ltd. increased its stake in shares of NRG Energy by 0.6% in the 3rd quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after acquiring an additional 31,238 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of NRG Energy by 42.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,368,824 shares of the utilities provider’s stock worth $221,671,000 after purchasing an additional 409,776 shares during the last quarter. Schroder Investment Management Group increased its position in shares of NRG Energy by 7.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock worth $198,442,000 after purchasing an additional 86,528 shares during the last quarter. Finally, UBS Group AG increased its position in shares of NRG Energy by 47.8% during the 3rd quarter. UBS Group AG now owns 958,982 shares of the utilities provider’s stock worth $155,307,000 after purchasing an additional 309,989 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

NRG stock opened at $134.04 on Monday. The business has a 50 day moving average price of $148.55 and a 200 day moving average price of $156.34. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 157.69 and a beta of 1.25. NRG Energy, Inc. has a fifty-two week low of $121.22 and a fifty-two week high of $189.96. 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 (NYSE:NRG) last posted 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). The business 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%.NRG Energy’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.4%. NRG Energy’s payout ratio is currently 223.53%.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the sale, the vice president owned 55,495 shares in the company, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NRG shares. BNP Paribas Exane started coverage on NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price for the company. Weiss Ratings cut NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Morgan Stanley set a $162.00 price objective on NRG Energy in a research note on Thursday, May 21st. Raymond James Financial set a $210.00 target price on NRG Energy in a research note on Monday, April 27th. Finally, Evercore initiated coverage on NRG Energy in a research note on Wednesday, February 25th. They set an “outperform” rating and a $215.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.69.

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.