Corient Private Wealth LLC Purchases 5,504 Shares of NRG Energy, Inc. $NRG

Corient Private Wealth LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 9.7% in the 4th quarter, Holdings Channel reports. The firm owned 62,276 shares of the utilities provider’s stock after acquiring an additional 5,504 shares during the period. Corient Private Wealth LLC’s holdings in NRG Energy were worth $9,917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NRG. Catalyst Financial Partners LLC boosted its holdings in shares of NRG Energy by 5.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 67 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 3.0% during the 4th quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock worth $376,000 after buying an additional 68 shares in the last quarter. Independence Bank of Kentucky lifted its position in shares of NRG Energy by 4.1% during the 4th quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock worth $286,000 after buying an additional 70 shares during the last quarter. Childress Capital Advisors LLC boosted its stake in NRG Energy by 4.0% in the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after buying an additional 72 shares in the last quarter. Finally, WT Wealth Management boosted its stake in NRG Energy by 5.4% in the fourth quarter. WT Wealth Management now owns 1,435 shares of the utilities provider’s stock valued at $229,000 after buying an additional 74 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NRG has been the subject of several research analyst reports. Morgan Stanley set a $165.00 target price on NRG Energy in a research note on Wednesday. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 price target on the stock. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a report on Monday, April 27th. Barclays dropped their price objective 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. Finally, BNP Paribas Exane began coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.92.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $141.78 on Thursday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. NRG Energy, Inc. has a 52 week low of $120.11 and a 52 week high of $189.96. The firm has a market cap of $29.91 billion, a PE ratio of 166.79 and a beta of 1.24. The firm’s fifty day moving average is $140.83 and its 200-day moving average is $152.03.

NRG Energy (NYSE:NRG) last posted 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 company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts predict 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 paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.3%. NRG Energy’s dividend payout ratio is presently 223.53%.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the firm’s 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 completion of the transaction, the vice president directly owned 45,111 shares in the company, valued at $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.