Maverick Capital Ltd. Buys New Shares in NRG Energy, Inc. $NRG

Maverick Capital Ltd. bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 1st quarter, HoldingsChannel.com reports. The fund bought 10,537 shares of the utilities provider’s stock, valued at approximately $1,540,000.

A number of other large investors have also bought and sold shares of the stock. Motiv8 Investments LLC acquired a new position in shares of NRG Energy during the fourth quarter valued at about $27,000. MV Capital Management Inc. acquired a new stake in shares of NRG Energy in the 4th quarter valued at about $27,000. Core Wealth Advisors LLC bought a new stake in NRG Energy in the 4th quarter valued at about $28,000. EMC Capital Management bought a new stake in NRG Energy in the 4th quarter valued at about $30,000. Finally, SHP Wealth Management acquired a new position in NRG Energy during the 4th quarter worth approximately $32,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Down 3.3%

Shares of NRG Energy stock opened at $136.36 on Tuesday. The company has a market capitalization of $28.77 billion, a P/E ratio of 160.42 and a beta of 1.21. The stock has a fifty day simple moving average of $135.89 and a 200 day simple moving average of $148.57. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data 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 company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. NRG Energy’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business 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 8.89 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 223.53%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NRG shares. Barclays cut their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Wells Fargo & Company upped their target price on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Siebert Williams Shank assumed coverage on NRG Energy in a report on Monday, July 6th. They issued a “buy” rating and a $184.00 target price on the stock. Scotiabank lifted their price target on shares of NRG Energy from $223.00 to $226.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 17th. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.93.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the completion of the sale, the vice president directly 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

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.