NRG Energy, Inc. $NRG Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 77.1% in the first quarter, Holdings Channel.com reports. The firm owned 48,438 shares of the utilities provider’s stock after acquiring an additional 21,090 shares during the period. Kestra Advisory Services LLC’s holdings in NRG Energy were worth $7,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of NRG Energy by 41.8% during 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 acquired a new position in shares of NRG Energy in the first quarter worth about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchasing an additional 1,381 shares during the last quarter. Woodline Partners LP grew its stake in NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after purchasing an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in NRG Energy during the 2nd quarter valued at approximately $7,937,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were 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 owned 45,111 shares in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

NRG Energy Trading Down 1.1%

Shares of NYSE NRG opened at $138.00 on Wednesday. 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 stock’s 50 day moving average price is $135.93 and its two-hundred day moving average price is $150.14. NRG Energy, Inc. has a 52-week low of $120.11 and a 52-week high of $189.96. The stock has a market capitalization of $29.12 billion, a P/E ratio of 162.35 and a beta of 1.21.

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the previous year, the business posted $2.68 EPS. NRG Energy’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, analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s payout ratio is currently 223.53%.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent analyst reports. Weiss Ratings lowered NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research report on Wednesday, June 24th. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research note on Monday, April 27th. Williams Trading set a $184.00 price target on shares of NRG Energy in a report on Monday, July 6th. Finally, Barclays reduced their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and an average target price of $197.80.

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.