NRG Energy, Inc. $NRG Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 6.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 492,790 shares of the utilities provider’s stock after purchasing an additional 29,577 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NRG Energy were worth $72,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing 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 shares of 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 worth $1,934,000 after buying an additional 1,381 shares during the period. Woodline Partners LP increased its position in shares of NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 4,949 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of NRG Energy during the second quarter valued at approximately $7,937,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Up 3.2%

NYSE NRG opened at $146.76 on Friday. 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, Inc. has a 1-year low of $120.11 and a 1-year high of $189.96. The firm’s fifty day simple moving average is $140.34 and its 200-day simple moving average is $151.91. The company has a market capitalization of $30.97 billion, a PE ratio of 172.66 and a beta of 1.24.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same period in the previous year, the business posted $2.68 EPS. NRG Energy’s revenue for the quarter was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, sell-side analysts anticipate that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 1st. NRG Energy’s payout ratio is currently 223.53%.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent analyst reports. Barclays decreased 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. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Morgan Stanley set a $165.00 target price on NRG Energy in a report on Wednesday. Raymond James Financial set a $210.00 target price on NRG Energy in a research report on Monday, April 27th. Finally, BNP Paribas Exane started coverage on NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.92.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

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.