CIBC Asset Management Inc Grows Stock Position in NRG Energy, Inc. $NRG

CIBC Asset Management Inc grew its position in NRG Energy, Inc. (NYSE:NRG) by 62.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 45,605 shares of the utilities provider’s stock after buying an additional 17,570 shares during the quarter. CIBC Asset Management Inc’s holdings in NRG Energy were worth $7,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NRG. Brighton Jones LLC lifted its position in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 1,528 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of NRG Energy in the first quarter valued at approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NRG Energy by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after acquiring an additional 1,381 shares in the last quarter. Woodline Partners LP lifted its position in shares of NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after acquiring an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of NRG Energy in the second quarter valued at approximately $7,937,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction 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 directly owned 55,495 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

NRG Energy Price Performance

NYSE:NRG opened at $129.26 on Friday. NRG Energy, Inc. has a 52 week low of $121.22 and a 52 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. The company has a market capitalization of $27.27 billion, a P/E ratio of 152.07 and a beta of 1.24. The stock’s fifty day moving average is $146.52 and its two-hundred day moving average is $155.23.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the prior year, the firm earned $2.68 EPS. NRG Energy’s revenue for the quarter 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. Equities analysts expect that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.5%. NRG Energy’s payout ratio is presently 223.53%.

Analyst Ratings Changes

NRG has been the topic of several research reports. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Wednesday, March 18th. Barclays decreased their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Raymond James Financial set a $210.00 target price on NRG Energy in a research report on Monday, April 27th. Weiss Ratings cut NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Evercore assumed coverage on NRG Energy in a report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $199.69.

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.