Patton Fund Management Inc. Reduces Holdings in NRG Energy, Inc. $NRG

Patton Fund Management Inc. lowered its position in NRG Energy, Inc. (NYSE:NRG) by 60.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,948 shares of the utilities provider’s stock after selling 21,527 shares during the quarter. Patton Fund Management Inc.’s holdings in NRG Energy were worth $2,038,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Lam Group Inc. acquired a new position in shares of NRG Energy in the first quarter worth about $147,000. Border to Coast Pensions Partnership Ltd grew its stake in NRG Energy by 60.1% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 372,371 shares of the utilities provider’s stock valued at $54,585,000 after purchasing an additional 139,748 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in NRG Energy by 18.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 501,766 shares of the utilities provider’s stock worth $73,326,000 after purchasing an additional 76,711 shares during the last quarter. Union Bancaire Privee UBP SA increased its holdings in NRG Energy by 116.2% during the 1st quarter. Union Bancaire Privee UBP SA now owns 118,691 shares of the utilities provider’s stock worth $15,940,000 after purchasing an additional 63,793 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of NRG Energy by 9.1% in the 1st quarter. Sterling Capital Management LLC now owns 1,469 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 122 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the company’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 transaction of $2,550,400.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NRG shares. BNP Paribas Exane assumed coverage on NRG Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price for the company. Weiss Ratings cut shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. 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. The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, March 6th. They set a “buy” rating and a $197.00 price objective for the company. Finally, Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.92.

NRG Energy Stock Up 0.6%

Shares of NYSE:NRG opened at $150.21 on Monday. The company’s fifty day moving average is $139.97 and its two-hundred day moving average is $151.82. 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 1-year low of $120.11 and a 1-year high of $189.96. The stock has a market capitalization of $31.69 billion, a price-to-earnings ratio of 176.72 and a beta of 1.25.

NRG Energy (NYSE:NRG) last posted its quarterly 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). The business 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 company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 1st. NRG Energy’s payout ratio is presently 223.53%.

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.