Panagora Asset Management Inc. Has $102.32 Million Holdings in NRG Energy, Inc. $NRG

Panagora Asset Management Inc. increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 642,570 shares of the utilities provider’s stock after buying an additional 181,093 shares during the quarter. Panagora Asset Management Inc. owned 0.30% of NRG Energy worth $102,323,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NRG. Victory Capital Management Inc. increased its holdings in NRG Energy by 178.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares in the last quarter. Capital World Investors bought a new position in NRG Energy during the 4th quarter worth about $305,817,000. Boston Partners increased its holdings in NRG Energy by 124.1% during the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after purchasing an additional 1,001,672 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in NRG Energy by 492.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after purchasing an additional 734,624 shares in the last quarter. Finally, Consolidated Press International Holdings Ltd. bought a new position in NRG Energy during the 3rd quarter worth about $98,360,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG opened at $125.57 on Monday. The stock has a market capitalization of $26.49 billion, a price-to-earnings ratio of 147.73 and a beta of 1.25. The business has a 50-day moving average of $144.45 and a 200-day moving average of $153.80. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. NRG Energy, Inc. has a fifty-two week low of $120.11 and a fifty-two week high of $189.96.

NRG Energy (NYSE:NRG) last announced 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 during 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 in the previous year, the business earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts predict that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NRG. BNP Paribas Exane began coverage on NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price for the company. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Barclays lowered their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.