SG Americas Securities LLC Has $73.43 Million Stock Holdings in NRG Energy, Inc. $NRG

SG Americas Securities LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 1,247.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 502,436 shares of the utilities provider’s stock after buying an additional 465,152 shares during the period. SG Americas Securities LLC’s holdings in NRG Energy were worth $73,426,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fortem Financial Group LLC grew its stake in NRG Energy by 9.3% in the 1st quarter. Fortem Financial Group LLC now owns 21,527 shares of the utilities provider’s stock valued at $3,146,000 after purchasing an additional 1,837 shares during the period. Polianta Ltd purchased a new position in shares of NRG Energy in the 1st quarter worth about $1,607,000. BI Asset Management Fondsmaeglerselskab A S grew its position in NRG Energy by 20.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,855 shares of the utilities provider’s stock valued at $1,879,000 after buying an additional 2,154 shares during the period. Rockefeller Capital Management L.P. grew its position in NRG Energy by 3.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 139,626 shares of the utilities provider’s stock valued at $22,234,000 after buying an additional 4,988 shares during the period. Finally, World Investment Advisors increased its holdings in NRG Energy by 9.3% during the fourth quarter. World Investment Advisors now owns 4,142 shares of the utilities provider’s stock worth $660,000 after buying an additional 351 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the 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 sale, the vice president owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their position. The sale 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.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore assumed coverage on shares of NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 target price on the stock. Barclays decreased their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Wednesday, March 18th. BNP Paribas Exane initiated coverage on NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective for the company. Finally, Morgan Stanley set a $162.00 target price on NRG Energy in a research report on Thursday, May 21st. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.69.

NRG Energy Stock Performance

Shares of NRG stock opened at $138.85 on Tuesday. The stock has a market capitalization of $29.30 billion, a P/E ratio of 163.35 and a beta of 1.25. 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 firm’s 50 day moving average is $141.92 and its 200 day moving average is $152.42. NRG Energy, Inc. has a 12 month low of $120.11 and a 12 month high of $189.96.

NRG Energy (NYSE:NRG) last released its quarterly earnings data 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). The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.475 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s payout ratio is 223.53%.

NRG Energy 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.